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New Deal


Announced

Completed

Farmcrowdy completed the acquisition of Best Foods L&P.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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meat processing

Acquisition

Friendly

Completed

Majority

Single Bidder

Nigeria

Food Products

Private

Synopsis

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Farmcrowdy, Nigeria's first digital agriculture platform, completed the acquisition of Best Foods L&P, one of the largest meat processors in Lagos, Nigeria. Financial terms were not disclosed. "Best Foods offers an exciting opportunity for Farmcrowdy to strengthen and expand its service offering in livestock production, processing, and supply. With a range of high profile clients, the acquisition supports Farmcrowdy’s strategy to lead the market and meet the requirements necessary to process approximately 45 cattle every day for meat consumption in Lagos," Kenneth Obiajulu, Farmcrowdy Managing Director.

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