Phatisa Acquires a Majority Stake in Malawi-based Farming and Engineering Services (Sub-Saharan Africa)
Private equity fund manager Phatisa has acquired a majority stake in Malawi-based agricultural engineering and equipment distribution company Farming and Engineering Services (FES). The transaction was structured through Phatisa’s African Agriculture Fund. FES intends to use the new capital to expand services to Malawi’s agricultural sector. Financial details of the transaction were not disclosed.