Sahel Capital Buys a 25 Percent Stake in L&Z Integrated Farms (Sub-Saharan Africa)
Source: Business Day
West Africa-focused fund manager Sahel Capital has acquired a 25 percent stake in Nigeria-based dairy producer and processor L&Z Integrated Farms. The transaction was structured through Sahel Capital’s Fund for Agricultural Finance in Nigeria (FAFIN). L&Z has an integrated facility that produces yogurt, fresh milk and ice cream from its dairy operations, and eggs and poultry meat from its poultry operations under the L&Z brand. With FAFIN’s investment, L&Z intends to expand its production and processing capacity and increase the number of its milk collection centers. Financial details of the transaction were not disclosed.