Pearl Capital Partners Invests KES200 Million in Eldoville Dairies (Sub-Saharan Africa)
Source: Africa Assets
Pearl Capital Partners, an East Africa-focused agriculture investment firm, has acquired a minority stake in Kenya-based dairy processing company Eldoville Dairies for KES200 million (approximately US$2.3 million). The transaction was structured through Pearl Capital Partners’ African Agricultural Capital Fund. Eldoville produces yogurts, cheeses, butter and cream, and intends to use the fresh financing to establish a milk processing facility, strengthen its brand and develop new products.