During 2022, Phatisa Food Fund 2 successfully completed new investments:
Lona Group, an integrated food manufacture and cold storage operator, and one of the largest citrus and fresh-produce exporters in South Africa. This was a large transaction and we brought in three of our LPs – BII, Norfund, and Finnfund – to join us on Lona’s journey.
Manipal, a flexible packaging and gravure printing business (mainly for the food and beverages sector) operating in Kenya and Nigeria.
and our Food Fund 1 exited:
Continental Beverage Company, a Côte d’Ivoire-based water business, plus
The remaining three investments are all poised for exit in the near future.