Phatisa’s African Agriculture Fund Backs Fertilizer Manufacturer Meridian Group (Sub-Saharan Africa)

Source: Phatisa

Private equity fund manager Phatisa has invested in Meridian Group, a manufacturer and distributor of specialized fertilizer blends with operations in Mozambique, Malawi, Zimbabwe, Zambia and Mauritius. The transaction was structured through Phatisa’s African Agriculture Fund. Meridian Group intends to use the funding to support its expansion plans. Financial details of the transaction were not disclosed.