Pearl Capital backs poultry business with mix of equity and debt

Image Credit: Pixabay

Pearl Capital Partners, managers of the Yield Uganda Investment Fund, has announced an investment of equity and debt in Sekajja Agro Farms, a poultry business based in Kampala. The €12 million fund is investing $1.8 million in the business, adding an eleventh asset to its portfolio. As a part of the deal, Pearl has the ability to appoint two directors to Sekajja’s board, although who they would has not yet been decided. No additional terms of the investment have been made available.

Sekajja will use the capital from the investment for its expansion plans. These include scaling up its poultry production facilities and building a new feed mill. Sekajja’s primary business is rearing day-old chicks until maturity which are then distributed as either live birds or dressed chicken to Uganda’s informal and formal markets. The business also operates a feed mill, abattoir, a cold chain, and some branded retail outlets.

To read this article, you must be a paid subscription member. (Current members login here)

\"\"

Reserve your digital subscription today

Join now for $35 per month

Join now for $395 per year

for access to:

  • Weekly newsletter with original and curated news, analysis and perspective
  • Africa’s private capital deals, fund raises and the investment firms and executives involved
  • Portfolio company news that impacts value and stakeholder participation
  • Job moves and partnerships between leading market participants
  • Exclusive access to Africa Capital Digest’s full content archive

If you’d like more information on exceptional value group subscriptions for your colleagues and teams, please contact Teresa Hall at thall[at]africacapitaldigest.com today.