Acorn incorporated an investment holding company called Acorn Agri (Pty) Ltd in February 2014. Acorn Private Equity has a long-term management agreement in place with Acorn Agri and is also a significant shareholder in the company.
The purpose of this investment company is to participate in the consolidation and growth in the Southern African agri sector. This will be achieved by acquiring significant stakes in strategic agri and food businesses to create a diversified portfolio by geography, commodity and type. By acquiring best of breed businesses in critical sectors, the investment company will create pockets of excellence ensuring regional food security and sustainable returns.
In February 2014, Acorn Agri acquired a 23% stake in Overberg Agri (Pty) Ltd, a diversified regional agri business, for R200 million. Further acquisitions soon followed and Acorn Agri already sits with a diversified portfolio of high quality assets.
Acorn Agri is looking for new investment opportunities to grow its portfolio of assets. All interested parties are welcome to contact us for further details.
For more information, please visit the Acorn Agri website.