ULIMI Fund, a private equity fund managed by Old Mutual Investment Group Malawi, has made a significant investment in Gala Agriculture Company, a successful macadamia plantation in Malawi.
Gala Agriculture Company operates 12 farming estates spanning c. 6,000 ha in Malawi.
The company will use the equity investment to near double their macadamia plantations and production facilities over the next five years.
Old Mutual Investment Group Malawi and UFF stated that they are very excited to have closed the equity investment in Gala.
Responsible commercial agribusiness is key to driving development in Malawi. Gala has made considerable progress towards building a state-of-the-art export driven macadamia operation, which is already delivering significant social, environmental and community benefits. We look forward to helping Gala continue its expansion, supporting the business to operate to high sustainability standards.
Africa Merchant Capital Advisory specialises in tailor-made corporate finance solutions to meet the unique needs of middle-market clients across multiple sectors in Sub-Sahara Africa.
AMC Advisory provides comprehensive services for both buy-side and sell-side clients, including the arranging of expansionary capital for transactions up to $100m.
