He­lios ac­quires African fer­til­izer busi­ness in $200 mil­lion deal

Financial Nigeria Magazine - - Finance -

He­lios In­vest­ment Part­ners, an Africafo­cused 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.

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