Phatisa is a private equity fund manager with a development mission of “Feeding and Housing Africa”. Their vision is to be the leading African sector-focused development equity fund manager, founded on their unwavering passion for the continent, it’s people and African prosperity.
Phatisa is the Fund Manager for the African Agriculture Fund which targets the food and agricultural sectors. They have invested over US$ 175 million in nine portfolio companies, spanning a number of countries in sub-Saharan Africa.
PPM was appointed by Phatisa to provide technical and commercial support to the deal team who were considering an investment into a heavy equipment supply company, Kanu Equipment Limited. The assignment was completed within a short space of time during the second quarter of 2016 and consisted of a review of the current Kanu Equipment operations and an assessment of the growth potential.
Kanu Equipment has various dealerships, including Bell Equipment, Liebherr, Case, Terex / Findlay, Wirtgen, Tigercat, Manhand, and ELB Equipment.
Kanu Equipment is currently active in 9 African countries, namely Botswana, Sierra Leone, Liberia, Ghana, Côte d’Ivoire, Zimbabwe, Congo, Mauritius and Cameroon.
PPM is proud to have part of this review which resulted in a successful investment that was announced to the market place in June 2016.