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

Founding Partner, Joint Managing Partner and Co-Founder

Ryan Burns

Principal

Martin Kromat

Senior Partner - Portfolio Management

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 facilities management in remote locations across Africa, focusing on catering and construction services. The company provides a wide range of catering options, including industrial and institutional meals, fast food, event catering, and specialized dietary meals for medical needs. Additionally, it offers comprehensive camp management services that encompass housekeeping and accommodation solutions. With the capability to respond quickly to various challenges such as floods and political unrest, International Facilities Services utilizes advanced camp management software to streamline back-office operations, ensuring that clients receive tailored food, room service, and hygiene services to meet 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 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, as well as various vegetables. Through its operations, Lona aims to deliver high-quality produce to international markets, leveraging South Africa's favorable climate for citrus cultivation.

Deltamune

Acquisition in 2022
Deltamune is a company focused on animal health and the food industry, providing a comprehensive range of vaccines, analytical and diagnostic services. It develops registered and autogenous vaccines, along with contract manufacturing, to address enteric diseases and promote sustainable agriculture. Deltamune also offers microbiological and chemistry solutions tailored for the food sector, ensuring effective management of biological and chemical risks. By combining testing services with expert advisory support, the company aims to be a partner in vaccine development, committed to tackling health challenges specific to Africa and enhancing solutions for enteric diseases.

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 offers a comprehensive range of products, including tractors, generators, implements, and farm support equipment, alongside construction machinery. It also provides essential services such as parts supply, maintenance, and after-sales support. With branches in Blantyre and Lilongwe and depots in Nchalo, Dwangwa, and Kayelekera, the company has positioned itself as a key player in the agricultural sector. Additionally, it offers advanced technological and engineering services tailored for commercial and emerging farmers, including precision farming, drone technology for crop analysis, and water management solutions. By forging strong partnerships with clients, Farming and Engineering Services aims to deliver cost-effective, practical solutions that enhance productivity and operational efficiency in farming.

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 across 21 hectares of land. The development is designed to support a planned community, offering essential amenities such as a daycare facility, a football pitch, a police post, a restaurant, and various shops, along with adequate parking and utilities. This comprehensive approach aims to provide residents with convenient access to necessary services and recreational spaces, facilitating a vibrant community atmosphere.

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, offering a variety of residential options designed to cater to different needs. The complex features luxurious yet affordable apartments, 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, making them suitable for both rental and purchase. Izuba City aims to provide quality housing solutions in a vibrant urban environment.

Nakuru Meadows

Private Equity Round in 2015
Nakuru Meadows is a housing complex located in Nakuru, Kenya, consisting of a portfolio of 140 single-family residential units. The development spans 10 acres and features a variety of living options, including semi-detached townhouses, maisonettes, and detached townhouses. Positioned along a double carriageway road leading into Nakuru town, Nakuru Meadows aims to create a sustainable and environmentally friendly residential community.

General Plastics

Private Equity Round in 2015
General Plastics Limited is a manufacturer of rigid plastic packaging products based in Nairobi, Kenya, established in 1977. The company produces a variety of items, including plastic bottles, jars, containers, closures, and custom-designed packaging solutions, utilizing various polymers and pigments. General Plastics serves a diverse range of sectors, such as pharmaceuticals, beauty and cosmetics, food and beverage, agro-industrial, and automotive lubricants, among others. In addition to manufacturing, the company offers services in project management, custom molding, technical analysis, and after-sales support. It exports its products to several countries in East Africa, including Tanzania, Uganda, Rwanda, and Ethiopia, aiming to provide cost-effective and environmentally friendly packaging options tailored to its clients' needs.

Westlands Place

Private Equity Round in 2014
Westlands Place is a property development company based in Nairobi, Kenya, specializing in the construction of high-density residential apartments. The development focuses on creating one-bedroom apartments to meet the growing demand for housing in the Westlands area. By concentrating on residential projects, Westlands Place aims to provide quality living spaces that cater to urban dwellers in a vibrant and expanding neighborhood.

Meridian

Private Equity Round in 2014
Meridian Group, headquartered in Grand Baie, Mauritius, is a subsidiary of Maaden Marketing and Distribution Company. The company specializes in the manufacturing and distribution of fertilizer blends and agricultural commodities, serving the agricultural sector.

Meridian

Private Equity Round in 2014
Meridian Group, headquartered in Grand Baie, Mauritius, is a subsidiary of Maaden Marketing and Distribution Company. The company specializes in the manufacturing and distribution of fertilizer blends and agricultural commodities, serving the agricultural sector.

Westpoint Heights

Private Equity Round in 2014
Westpoint Heights is a residential development located in Kikuyu Town, Kenya, featuring an eight-story building that houses 66 two-bedroom apartment units. The project is designed to provide modern living amenities, including high-speed lifts, solar heating, backup generators, a concierge lobby, and car parking facilities. By focusing on high-density living, Westpoint Heights aims to cater to the growing demand for quality housing in the area.

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 offers a comprehensive range of products, including tractors, generators, implements, and farm support equipment, alongside construction machinery. It also provides essential services such as parts supply, maintenance, and after-sales support. With branches in Blantyre and Lilongwe and depots in Nchalo, Dwangwa, and Kayelekera, the company has positioned itself as a key player in the agricultural sector. Additionally, it offers advanced technological and engineering services tailored for commercial and emerging farmers, including precision farming, drone technology for crop analysis, and water management solutions. By forging strong partnerships with clients, Farming and Engineering Services aims to deliver cost-effective, practical solutions that enhance productivity and operational efficiency in farming.

Feronia

Post in 2013
Feronia is an agribusiness based in Vancouver, Canada, operating in the Democratic Republic of the Congo. The company produces crude palm oil and palm kernel oil from three oil palm plantations, the first of which was established in 1911. Following its acquisition of the palm oil business in 2009, Feronia focused on revitalizing these plantations, which were on the verge of extinction, through significant investment and development efforts. The company aims to contribute to the local economy and secure a sustainable future for its operations, supplying palm oil primarily for the domestic market. In addition to palm oil production, Feronia also engages in arable farming, further supporting its agricultural initiatives in the region.

Continental Beverage

Private Equity Round in 2013
Continental Beverage Company is a subsidiary of the Teylium International Group's Industries division, located in Abidjan, Ivory Coast. The company focuses on the production and marketing of hygienic non-alcoholic bottled beverages. Leveraging a robust distribution network, Continental Beverage offers a variety of certified products, ensuring that customers have access to quality beverages at competitive prices.

Feronia

Post in 2012
Feronia is an agribusiness based in Vancouver, Canada, operating in the Democratic Republic of the Congo. The company produces crude palm oil and palm kernel oil from three oil palm plantations, the first of which was established in 1911. Following its acquisition of the palm oil business in 2009, Feronia focused on revitalizing these plantations, which were on the verge of extinction, through significant investment and development efforts. The company aims to contribute to the local economy and secure a sustainable future for its operations, supplying palm oil primarily for the domestic market. In addition to palm oil production, Feronia also engages in arable farming, further supporting its agricultural initiatives in the region.

Goldenlay

Private Equity Round in 2012
Goldenlay Limited is a Zambian company founded in 2005 and headquartered in Luanshya. It specializes in the production, distribution, and supply of table eggs, serving both formal and informal markets throughout Zambia and neighboring countries. In addition to its core egg products, Goldenlay also offers ancillary items related to egg production, such as crude soya oil for human consumption and hen pen fertilizer, which contribute to the nutritional quality of its offerings. The company markets its products through large retailers and wholesalers, ensuring a wide reach across the region.

Goldtree

Private Equity Round in 2011
Goldtree rehabilitates an abandoned palm oil mill and plantation to revitalize the palm oil industry in the region. The company operates a mill that processes fresh fruit bunches into crude palm oil (CPO) and palm kernel oil (PKO). In addition to its own nucleus plantation, Goldtree supports local farmers by purchasing fresh fruit bunches from outgrowers within a 40 km radius of the mill, thereby benefiting thousands of families in the rural community with fair prices for their products. The company also operates a demonstration plantation and planting plots in surrounding villages, offering practical guidance on sustainable farming practices to enhance productivity and support local economies.
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