EXEO Capital Exits HIK to African Pioneer Group

Source(s): EXEO Capital

Pan-African private equity fund manager EXEO Capital has exited South Africa-based abalone farming business HIK Abalone Farm to South Africa-focused agriculture-, food products- and energy-focused investor African Pioneer Group. EXEO Capital held its investment in HIK for eight years, developing a second farm and enabling production improvements. Financial details of the transaction were not disclosed.