Earlier this month (Oct 2013), Agri-Vie announced it had acquired 63% of Cape Olive Holdings, currently the largest table olive supplier in SA packing, amongst others, the Buffet Olives brand.
Agri-Vie is a private equity investment fund focused on food and agribusiness in Sub-Sahara Africa with a mission to generate an above average investment return, as well as demonstrable socio-economic development impacts through its equity investments in food and agribusinesses. As such, Agri-Vie is styled as an ‘impact investment fund’, harnessing investment disciplines to address development challenges.
Currently 55% of Cape Olive’s olive produce goes into table olives, with 45% of the raw product being supplied to olive oil producers. However, with Agri-Vie supporting the growth of the business they hope to market a bigger percentage of the harvest into table olives products. Agri-Vie will strategically support the company’s expansion in the export market to Africa.
Speaking to its impact credentials, Agri-Vie’s interest in Cape Olive and its growth capabilities are further supported by the producer’s sustainable environmental, social and governance (ESG) practices. In addition, Cape Olive’s workers are also shareholders in the business, which empowers them economically.
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