Sahel Capital and CardinalStone Capital Advisers Invest in Crest Agro (Sub-Saharan Africa)

Source(s): Sahel Capital

Nigeria-focused private equity firms Sahel Capital and CardinalStone Capital Advisers have agreed to invest in Nigeria-based food producer Crest Agro Products. Sahel Capital will invest through the Fund for Agricultural Finance in Nigeria (FAFIN). Crest Agro, an integrated cassava producer with 13,000 hectares of land for farming, plans to use the capital to set up a starch processing facility, as well as expand its farming activities. Financial details of the transaction were not disclosed.