Aureos Southern Africa Fund Completes Exit from Leading Sustainable Egg Company (Sub-Saharan Africa)

Source: Aureos Capital

The Aureos Southern Africa Fund (ASAF) has sold its 49 percent stake in Golden Lay, a Zambia-based producer of chicken table eggs, as part of a sale of 100 percent of the company to Phatisa’s African Agriculture Fund, a private equity fund focused on sustainable food production in Africa. Golden Lay controls roughly 15 percent of the Zambian market for table eggs, and its distribution network extends into neighboring Democratic Republic of Congo. Aureos did not disclose financial terms of the transaction.