MANAGED INVESTMENTS
Scaling African Enterprises to International Investment Standards
Agri-Vie I
EXEO’s first-vintage closed-end fund: 12 investments across ten sectors in seven countries.
Agri-Vie II
EXEO’s second-vintage closed-end fund: 11 investments across ten sectors in six countries.
AFSF
7 investments into food production and processing across Africa
EXEO Debt
Launched 2023: Secured private investment opportunities across the capital structure.
SELECT PORTFOLIO COMPANIES
Marginpar | Consolidated East Africa flower platform
The Marginpar Group is a consolidation of cut flower production operations across several locations in East Africa, centred around Ethiopia and Kenya – one of the world’s leading suppliers of cut flowers. The group includes an international marketing and sales operations based in Holland, and contract producers in Tanzania and Zimbabwe. The group’s location leverages climatological advantages for outperformance.
HIK Abalone | Abalone farming
Established in 1998, the abalone company has grown into a large export-focused farming business, annually expanding its stock of biological assets and growing its market penetration into Asia. The company is active in its pursuit of further expansion initiatives.
Fairfield Dairy | South African dairy milk producer
Fairfield Dairy is a Howick-based, South African dairy producer with a state-of-the-art factory. Fairfield supplies under both its own and several house brands to blue-chip retailers. The company is a CGSO member has won a number of national prizes for its products which include milk, yoghurt, cottage cheese, flavoured drinks and more.
Amos Dairies Limited | Ugandan dairy milk producer
Award-winning Ugandan-based milk processor, Amos Dairies manufactures a wide range of dairy products for the export markets of Kenya, Egypt, India and the United States. Amos Dairies was established in 2013 and is situated in the largest milk-producing region of the country. It is the only producer of casein in Africa outside of South Africa with an installed capacity of 600,000 litres of raw milk / day.
Dairyland | FMCG manufacture and distribution
The brand under which Glacier Products Limited manufactures and sells a wide range of ice cream, yoghurt, and chocolate products across East Africa, Dairyland is a Kenyan company with regional marketing and distribution. The business has distribution subsidiaries in Uganda and Tanzania, and partnerships with third-party distributors in Rwanda.
Terrasan | Aquaculture and fishing operations
Terrasan Group Limited is a South African fishing and aquaculture group with investments and operations through subsidiaries such as Saldanha Protein, Terrasan Pelagic, Aqunion, and Blue Ocean Mussels. The group has exposure to abalone feed manufacturing and abalone ranching.
Wellness Warehouse | Consumer health-focused retail
Owned within Maia, a holding company, Wellness Warehouse and True Health Holdings are part of a consumer health-focused platform operating in the natural health, food, and beauty value chain as a manufacturer, wholesaler, distributor, and retailer. The group has 50 retail outlets and an online store, with a focus on nutraceuticals and food products.
Elgin Free Range Chickens
Elgin Free Range Chickens is South Africa’s largest free range poultry producer. The Group is vertically integrated in the poultry value chain and has, together with eleven of its own retail stores, material exposure to the country’s most profitable retailer.
Terramar
Mozambican importer, distributor, and wholesaler of frozen, chilled, and dry products. The Group has procurement subsidiaries in South Africa and Portugal and primarily serves the local Mozambican market. The company is optimally positioned to benefit from the eagerly awaited LNG developments.
Marginpar | Consolidated East Africa flower platform
The Marginpar Group is a consolidation of cut flower production operations across several locations along the east of Africa, centred around Ethiopia and Kenya. The group includes an international marketing and sales operation based in Holland and contract producers in Tanzania and Zimbabwe. Kenya is one of the world’s leading suppliers of cut flowers and Ethiopia’s flower exports have expanded rapidly, aided by climatological advantages and proactive government promotion.
HIK Abalone | Abalone farming
Established in 1998, the abalone company has grown into a large export-focused farming business, annually expanding its stock of biological assets and growing its market penetration into Asia. The company is active in its pursuit of further expansion initiatives.
Fairfield Dairy | South African dairy milk producer
Fairfield Dairy is a Howick-based dairy producer with a state-of-the-art factory. Fairfield supplies under both its own, and several house brands, to blue-chip retailers. The company has won a number of national dairy industry prizes for its products.
Amos Dairies Limited | Ugandan dairy milk producer
Ugandan-based milk processor manufacturing a range of dairy products for the export market. The company is situated in the largest milk-producing region in the country, and exports to customers primarily based in Kenya, Egypt, India, and the United States. Established in 2014, Amos Dairies is the only producer of casein in Africa outside of South Africa.
Dairyland | FMCG manufacture and distribution
The brand under which Glacier Products Limited manufactures and sells a wide range of ice cream, yoghurt, and chocolate products across East Africa, Dairyland is a Kenyan company with regional marketing and distribution. The business has distribution subsidiaries in Uganda and Tanzania, and partnerships with third-party distributors in Rwanda.
Elgin Free Range Chickens
Elgin Free Range Chickens is South Africa’s largest free range poultry producer. The Group is vertically integrated in the poultry value chain and has, together with eleven of its own retail stores, material exposure to the country’s most profitable retailer.
Terramar
Mozambican importer, distributor, and wholesaler of frozen, chilled, and dry products. The Group has procurement subsidiaries in South Africa and Portugal and primarily serves the local Mozambican market. The company is optimally positioned to benefit from the eagerly awaited LNG developments.
MEDIA
EXEO Capital: Partnership in action
PROPRIETARY INVESTMENTS
Founding year:
2019
Strategic focus:
private higher education
Growth strategy:
organic and acquisitive
Status:
trading
PROPRIETARY INVESTMENTS
Founding year:
2019
Strategic focus:
private higher education
Growth strategy:
organic and acquisitive
Status:
trading
TESTIMONIALS
TESTIMONIALS
“I wanted to take this opportunity to express my gratitude for the partnership between TerraSan and Agri-Vie Fund II. With the support of Agri-Vie Fund II, we have been able to deliver strong financial returns while simultaneously creating meaningful social and environmental impact. This has been a testament to the power of mission-driven investing and the value of strong partnerships between investors and businesses.” (Danie du Toit, group CEO of Terrasan)
“I wanted to take a moment and reflect on the exceptional skill and knowledge of your transaction team, and the significant impact your directors have had on our board. The expertise, calibre and dedication of your team have been critical to the success of our partnership and the growth of our business.
Your focus on responsible investing has helped us to develop our business sustainably, while creating positive impacts in the communities where we operate.
As a result of your partnership, PPHL has been able to support local suppliers and promote economic development in Tanzania.” (Suraj Devani, executive at PPHL)
“Our long-standing partnership with Agri-Vie has been one of overwhelming success. Agri-Vie brought both risk and capital, as well as many other valuable contributions to the business, having actively worked with management to improve both revenues and profitability over the investment period. During our partnership, Fairfield Dairy substantially strengthened its operations and reputation as a dynamic and innovative dairy company. Partnering with Agri-Vie was definitely a contributing factor to our expansion and success over this period and they brought additional skills, experience and expertise to the business.” (Kevin Lang, founder and major shareholder of Fairfield Dairy)
“We look forward to the future growth opportunities resulting from the partnership with EXEO Capital. While we are experienced with all aspects of operations, growth strategy, and synergy extraction, EXEO Capital will play a major role in helping to identify and acquire compatible businesses as part of the company’s platform growth strategy in the beverage and snack markets.”
“We have derived a significant benefit from the partnership with Agri-Vie over the investment period, not only in terms of financial muscle but also in terms of financial management and reporting structures. As the development of an abalone farm is highly capital intensive during expansion phases, primarily because the revenue stream lags capital expenditure by a number of years, making organic growth very slow, the investment by Agri-Vie has enabled HIK to advance the expansion cycle by the development of a second farm, enabling production to increase from 80 tonnes per year to 300 tonnes per year” (Peter Inglis, Chairman of HIK)
“The fact that EXEO Capital management sees the same value in CPT that the current shareholders have identified highlights the opportunity that this growing industry of animal active pharmaceutical ingredients presents. The transaction will allow for the accelerated implementation of projects to unlock this value and growth. We look forward to starting this next phase with EXEO Capital on board and the contributions they will make to this success story.” (Dr Hannes Malan, CEO of CPT)
“The contribution of Agri-Vie as shareholder of InteliChem was very constructive. We managed to grow the business substantially during the investment period and Agri-Vie provided valuable strategic input as part of this process.” (Gideon Hefer, InteliChem CEO)
“We are delighted to partner with EXEO Capital, who share our vision of continuing to grow the leading and trusted brand in Kenya. Glacier will benefit greatly from EXEO’s sector expertise, as the company enters its next phase of growth.” (Sunil Shah and Minesh Shah, directors of Glacier)
“We are thrilled to partner with the team at EXEO Capital on this next stage of our growth. Not only do EXEO Capital bring extensive commercial experience and strategic insights to our group, but critically they share our values and understand the important role that a holistic approach to natural health and wellbeing can play in creating healthier communities. This is even more relevant today, and I believe that together we will achieve our ambition of making wellness accessible to more people” (Simon Alston, CEO of Wellness Warehouse)
“I have the highest regard for David Douglas and Izak Strauss, who were Agri-Vie’s representatives on the board. The Cape Olive management team has benefitted greatly from their experience and intellect. The encouragement and support from them and the broader Agri-Vie team, have been the distinguishing features of their tenure as shareholders in the business.” (Richard Allen, CEO of Cape Olive)
“The partnership with Nurture Brands, EXEO Capital’s new food sector investment vehicle, will enable Fairview Cheese to expand its artisanal offer and develop valuable new export markets. We are very excited to take Fairview Cheese to a wider international market.” (Louis Lourens, managing director of Fairview Cheese Company)
“We believe this new partnership will further improve on CPT’s service quality by achieving and maintaining the quality norms of a world-class industry player. In addition to good manufacturing practice upgrades for the formulation plants, the investment will allow for the extension of the synthesis activity and also lead to the production of various new ectoparasitic as well as endoparasitic API’s” (Dr Gerrit van der Klashorst, CPT co-founder)
