EXEO Capital and Norfund Invest US$17 Million in Marginpar Flower Group (Sub-Saharan Africa)

Source(s): EXEO Capital

Pan-African food and agriculture-focused private equity fund manager EXEO Capital and Norwegian development finance institution Norfund have invested US$17 million in East Africa-based flower producer Marginpar Flower Group Holdings. EXEO Capital invested through Agri-Vie Fund II. The new capital has helped to finance the Marginpar Flower Group’s acquisition of Kenya-based Carzan Flowers, Marginpar Ethiopia and Netherlands-based flower marketer and distributor Marginpar. Following the transaction, all companies linked to the group will trade under the Marginpar name.