The African Agriculture Fund Concludes an Investment of US$24 Million in Zambia (Sub-Saharan Africa)

Source: Phatisa

The African Agriculture Fund (AAF), managed by Phatisa, has concluded an agreement to make a total investment of US$ 24 million in Golden Lay Limited, a company involved in the production, distribution and sale of chicken table eggs – located in the Copperbelt Province of Zambia. The deal team structured and negotiated a leveraged management buyout transaction that will result in the exit of Aureos. AAF will invest alongside the management in a combination of mezzanine and equity funding.