EXEO Capital backs Kenya’s ice-cream maker Glacier Products

KENYA – EXEO Capital, through its Food and Agribusiness fund, Agri-Vie Fund II, has invested in Kenya’s ice-cream and chocolate producer Glacier Products. Glacier Products is the producer of Kenya’s renowned ice-cream and chocolate brand, ‘Dairyland’. The investment is subject to receipt of regulatory approvals and is expected to be completed in the coming weeks.  Speaking on the investment, Paul Nguru, Partner at EXEO Capital, said: “This investment is a great addition to our growing food and agribusiness portfolio on the continent. Our partner, Glacier, has laid a solid foundation,…

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Agri-Vie sells its interest to Masimong Group Holdings as it exits its stake in Intelichem

AFRICA – Agri-Vie Fund I, the Africa Food and Agribusiness Investment Fund, managed by the pan-African private equity investment firm, EXEO Capital, has announced its exit from InteliChem, a leading provider of crop protection solutions, specialised plant nutrition and seeds to the agricultural industry and related peripherals. Agri-Vie sold  its interests in Intelichem to Masimong Group Holdings, a black-owned investment company, concluding a mutually rewarding six-year partnership between EXEO Capital and the Intelichem founders. Through the investment, Agri-Vie was able to broaden its network and build excellent relationships in the…

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