Phatisa

Phatisa is a growth equity investment firm established in 2005 and based in Bamboo, Mauritius. The company focuses on investing in small and medium-sized enterprises (SMEs) across Africa, particularly within the food value chain and affordable housing sectors. Phatisa specializes in management buy-outs, buy-ins, expansions, acquisitions, refinancings, and the establishment of new ventures. Additionally, it engages in real estate projects that emphasize affordable and middle-income residential developments, as well as mixed-use developments that combine housing with commercial spaces in urban areas. The firm maintains a clear investment strategy and does not participate in sectors such as bio-fuels, timber, or alcoholic beverages, nor does it provide grants or soft loans.

Imane El Alaoui-Grollemund

Principal

Nieks Bezuidenhout

Partner and Senior Portfolio Manager

Stuart Bradley

Co-Founder and Managing Partner

Ryan Burns

Principal

Martin Kromat

Senior Partner

Jan Van Der Merwe

Fund Partner

Rinolan Moodley

Senior Partner

Asif Noorani

Principal

Eugene Stals

Chief Investment Officer

23 past transactions

International Facilities Services

Acquisition in 2024
International Facilities Services specializes in providing comprehensive facilities management in remote and challenging locations across Africa, particularly South Africa. The company offers a range of catering services, including industrial and institutional catering, banqueting, fast foods, and specialized diets for medical needs. In addition to catering, it provides construction services, focusing on the design and construction of accommodation camps. The company is adept at responding to various challenges, such as floods and political unrest, utilizing specialized camp management software to streamline operations. This enables efficient back-office management and allows clients to receive tailored food, room service, and hygiene services according to their specific requirements.

Manipal International Printing Press

Private Equity Round in 2023
Manipal International Printing Press Ltd specializes in providing comprehensive printing solutions. The company offers a wide range of products including self-adhesive labels, shrink sleeves, aluminum foil, flower sleeves, wrappers, and in-mould labels. With a workforce of 2500 employees, it caters to various industries such as packaging, commercial printing, and business services. The company is known for its sophisticated labeling and packaging solutions, serving clients with diverse printing needs.

Lona Group

Venture Round in 2022
Lona Group is a manufacturer and exporter of citrus products based in Cape Town, South Africa. The company specializes in a diverse range of agricultural products, including grapefruit, mangoes, grapes, pears, plums, avocados, pomegranates, lemons, and oranges, along with various vegetables. Through its export operations, Lona Group plays a significant role in the global supply chain for fresh produce, providing high-quality fruits and vegetables to international markets.

Deltamune

Acquisition in 2022
Deltamune is a company specializing in the development and provision of vaccines for animal health and the food industry. It offers a range of services including registered vaccines, autogenous vaccines, and contract manufacturing. Additionally, Deltamune provides analytical and diagnostic services on a commercial scale, along with microbiological and chemical solutions tailored to the food industry. The company is committed to being more than just a vaccine supplier; it aims to be a partner in finding solutions for African diseases and conditions, as well as advancing enteric disease solutions. Deltamune also offers comprehensive testing services accompanied by expert advisory support to help customers manage biological and chemical risks effectively.

Rolfes Agri

Acquisition in 2020
Rolfes Agri is a developer and manufacturer of agricultural products for local and international markets.

Rolfes Holdings

Private Equity Round in 2020
Rolfes Holdings Limited is a manufacturer and distributor of chemical products serving various industries primarily in Southern Africa, with additional markets in the United States, Europe, and Asia. The company operates through multiple segments, including Agriculture, which provides herbicides, insecticides, fungicides, and fertilizers; Food, which imports and distributes chemicals for the food and beverage sectors; and Industrial, which offers a range of products such as alkyd resins, solvents, and cleaning agents. Additionally, Rolfes has a Water segment that specializes in purification solutions for diverse markets, including agricultural and personal care. The company's offerings also encompass organic and inorganic pigments, dyes, and specialty chemicals. Founded in 1925 and headquartered in Johannesburg, Rolfes Holdings was formerly known as Rolfes Technology Holdings Limited until its name change in November 2011.

Farming & Engineering Services

Private Equity Round in 2020
Farming and Engineering Services Limited is a prominent distributor of agricultural and construction equipment in Malawi, established in 1967 and headquartered in Blantyre. The company specializes in offering a comprehensive range of products, including tractors, generators, implements, and farm support equipment, alongside construction machinery. It also provides essential parts, maintenance, and after-sales services to ensure optimal performance for its clients. With branches in Blantyre and Lilongwe, and depots in Nchalo, Dwangwa, and Kayelekera, the company maintains a strong presence across the region. In addition to equipment distribution, Farming and Engineering Services has developed a successful contracting business, which includes roadway maintenance, land clearance, and land preparation services. The company employs advanced technologies, such as precision farming and drone technology for crop analysis, to enhance agricultural productivity and support the needs of both commercial and emerging farmers.

Kanu Equipment Group

Acquisition in 2017
Kanu Equipment Group is an African-based supplier of heavy equipment, serving the agriculture, construction, and mining industries across nine countries. The company distributes a wide range of machinery, including articulated tractors, excavators, loaders, crushers, mobile cranes, and forestry equipment. Kanu is known for providing high-quality maintenance services and on-the-ground support teams, ensuring reliable customer service. The business has shown consistent growth by attracting new customers with its internationally recognized equipment brands and superior levels of customer service.

Makeni Heights

Private Equity Round in 2016
Makeni Heights is a residential housing complex located in Lusaka, Zambia, encompassing 298 serviced plots within a planned community spanning 21 hectares. The development is designed to facilitate construction and offers a range of amenities, including a daycare facility, a football pitch, a police post, a restaurant, shops, and parking, along with other essential utilities. This well-equipped community aims to provide a premium living experience for its residents.

Kanu Equipment Group

Private Equity Round in 2016
Kanu Equipment Group is an African-based supplier of heavy equipment, serving the agriculture, construction, and mining industries across nine countries. The company distributes a wide range of machinery, including articulated tractors, excavators, loaders, crushers, mobile cranes, and forestry equipment. Kanu is known for providing high-quality maintenance services and on-the-ground support teams, ensuring reliable customer service. The business has shown consistent growth by attracting new customers with its internationally recognized equipment brands and superior levels of customer service.

Izuba City

Private Equity Round in 2015
Izuba City is a housing complex located in Kigali, Rwanda, that specializes in offering luxurious yet affordable apartments. The company provides various living options, ranging from one-bedroom starter homes to three-bedroom family residences. Each unit is designed with spacious living areas, balcony space, and appealing interior layouts, catering to diverse housing needs. Izuba City aims to enhance the quality of living in the region by combining comfort and accessibility in its residential offerings.

Nakuru Meadows

Private Equity Round in 2015
Nakuru Meadows is a housing complex located in Nakuru, Kenya, offering a residential community characterized by its commitment to green living. The estate encompasses a portfolio of 140 single-family residential units, including semi-detached townhouses, maisonettes, and detached townhouses, all spread across 10 acres along a major road leading into Nakuru town. This development aims to provide modern living spaces while promoting sustainable living practices.

General Plastics

Private Equity Round in 2015
General Plastics Limited, based in Nairobi, Kenya, is a manufacturer of rigid plastic packaging products. Established in 1977, the company produces a wide range of items, including plastic bottles, jars, containers, closures, caps, labels, and custom molded solutions. It serves multiple sectors, such as pharmaceuticals, beauty and cosmetics, food and beverage, automotive lubricants, and household products. General Plastics employs various manufacturing processes, including extrusion blow molding and injection molding, to create cost-effective and environmentally friendly packaging options. Additionally, the company offers project management, design support, technical analysis, and after-sales services to ensure quality and customer satisfaction. Expanding its reach beyond Kenya, General Plastics exports its products to several East African countries, including Tanzania, Uganda, and Rwanda.

Westlands Place

Private Equity Round in 2014
Westlands Place specializes in the development of high-density residential apartments, focusing on one-bedroom units. Based in Nairobi, Kenya, the company is dedicated to creating modern living spaces in the Westlands area.

Meridian

Private Equity Round in 2014
Meridian Group is a manufacturer and distributor of agricultural fertilizers and commodities, based in Grand Baie, Mauritius. The company specializes in producing various fertilizer blends to support agricultural practices. As of August 2019, Meridian operates as a subsidiary of Maaden Marketing and Distribution Company, which enhances its capabilities in serving the agricultural sector.

Meridian

Private Equity Round in 2014
Meridian Group is a manufacturer and distributor of agricultural fertilizers and commodities, based in Grand Baie, Mauritius. The company specializes in producing various fertilizer blends to support agricultural practices. As of August 2019, Meridian operates as a subsidiary of Maaden Marketing and Distribution Company, which enhances its capabilities in serving the agricultural sector.

Westpoint Heights

Private Equity Round in 2014
Westpoint Heights is a residential development situated in Kikuyu Town, Kenya. It consists of an eight-story building housing 66 two-bedroom apartment units. The property offers various amenities such as high-speed elevators, solar heating systems, backup generators, a concierge lobby, and car parking facilities.

Farming & Engineering Services

Acquisition in 2013
Farming and Engineering Services Limited is a prominent distributor of agricultural and construction equipment in Malawi, established in 1967 and headquartered in Blantyre. The company specializes in offering a comprehensive range of products, including tractors, generators, implements, and farm support equipment, alongside construction machinery. It also provides essential parts, maintenance, and after-sales services to ensure optimal performance for its clients. With branches in Blantyre and Lilongwe, and depots in Nchalo, Dwangwa, and Kayelekera, the company maintains a strong presence across the region. In addition to equipment distribution, Farming and Engineering Services has developed a successful contracting business, which includes roadway maintenance, land clearance, and land preparation services. The company employs advanced technologies, such as precision farming and drone technology for crop analysis, to enhance agricultural productivity and support the needs of both commercial and emerging farmers.

Feronia

Post in 2013
Feronia Inc. is an agribusiness based in Vancouver, Canada, operating in the Democratic Republic of the Congo. The company is primarily engaged in the production and processing of crude palm oil and palm kernel oil, with operations that include three oil palm plantations and an arable farming operation. Established in 1911, Feronia acquired its palm oil business in 2009 with the aim of revitalizing the plantations that were on the verge of extinction. Following significant investments, the company has secured its future and is committed to making a meaningful and sustainable contribution to the economy of the Democratic Republic of the Congo. Feronia's operations focus on supplying palm oil to the domestic market, deriving crucial revenue from its crude palm oil production.

Continental Beverage

Private Equity Round in 2013
Continental Beverage Company, a subsidiary of the Industries division of Teylium International Group, is a producer of bottled beverages located in Abidjan, Ivory Coast. The company focuses on the production and marketing of hygienic non-alcoholic beverages and has established a robust distribution network. This allows Continental Beverage to offer customers a diverse selection of certified products at competitive prices, catering to a growing demand for quality beverages in the region.

Feronia

Post in 2012
Feronia Inc. is an agribusiness based in Vancouver, Canada, operating in the Democratic Republic of the Congo. The company is primarily engaged in the production and processing of crude palm oil and palm kernel oil, with operations that include three oil palm plantations and an arable farming operation. Established in 1911, Feronia acquired its palm oil business in 2009 with the aim of revitalizing the plantations that were on the verge of extinction. Following significant investments, the company has secured its future and is committed to making a meaningful and sustainable contribution to the economy of the Democratic Republic of the Congo. Feronia's operations focus on supplying palm oil to the domestic market, deriving crucial revenue from its crude palm oil production.

Goldenlay

Private Equity Round in 2012
Goldenlay Limited is a Zambian company engaged in the production, distribution, and supply of table eggs. Founded in 2005 and headquartered in Luanshya, the company serves both formal and informal markets across Zambia and its neighboring countries, selling its products through large retailers and wholesalers. In addition to table eggs, Goldenlay offers ancillary products related to egg production, such as crude soya oil for human consumption and hen pen, which serves as fertilizer. This diverse product range reflects the company's commitment to providing healthy and nutritious options for its customers.

Goldtree

Private Equity Round in 2011
Goldtree is a company focused on rehabilitating abandoned palm oil mills and plantations while revitalizing the palm oil industry in its region. It operates a commercial palm oil plantation and milling facility that processes fresh fruit bunches into crude palm oil (CPO) and palm kernel oil (PKO). The company not only manages its own nucleus plantation but also invests in local agriculture by sourcing fresh fruit bunches from outgrower farmers within a 40 km radius of its mill. This approach supports thousands of families in rural communities, ensuring they receive fair prices for their products. Additionally, Goldtree runs a demonstration plantation and planting plots in neighboring villages, providing practical guidance on sustainable farming practices. Through these initiatives, Goldtree promotes organic and sustainable palm oil production while fostering economic development in the local farming community.
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