Helios acquires African fertilizer business in $200 million deal
Helios said it plans to help the fertilizer company to expand its operations in the agriculture sector in Africa.
Helios Investment Partners, an Africa-focused private equity firm, has completed the acquisition of 100 percent of Fertilizers and Inputs Holding B.V., which holds the Africa-based fertilizers and inputs operations of Louis Dreyfus Company (LDC).
According to the Financial Times, people familiar with the transaction said Helios paid $200 million for the fertilizer company in a deal split between debt and equity.
LDC’s African fertilizer business includes the La Cigogne brand, and it distributes fertilizers, crop protection products, seeds as well as industrial chemicals in Angola, Burkina Faso, Cameroon, Ivory Coast, Madagascar, Mali and Senegal. The fertilizer company generates approximately $300 million in sales annually.
Helios said it plans to help the fertilizer company to expand its operations in the agriculture sector in Africa. “We look forward to providing expansion capital and working with management and key stakeholders to accelerate the growth of the business,” said Alykhan Nathoo, Partner at Helios.
Most Popular News
- Nigeria’s inflation jumps to 31-month high on food prices
- Mastercard Foundation-backed fintech accelerator launches in Ghana
- Stripe acquires Nigeria’s Paystack for over $200 mn to expand in Africa
- Pantami urges governments to strengthen personal data protection in Africa
- Nigerian telco deploys Cambium Networks solution to expand broadband access
- Nigeria's inflation rate is 31 per cent – Johns Hopkins economist