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Agri-Vie Fund II falls just short of $150m target but EXEO managing partner Herman Marais says food and agri remains a ‘logical entry point’ for long-term investors who want exposure to Africa.
The private equity firm is making its first agri acquisition in more than 15 years, buying Dutch flower breeder Dümmen Orange for a reported €500m.
Sun European is taking over the largest supplier of fresh cut flowers from Africa to European retailers in a deal said to be worth £100m.
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