Phatisa, Norfund, Mbuyu Capital and DEG completed the acquisition of FES.

Private equity firms Phatisa, Norfund, Mbuyu Capital and DEG completed the acquisition of Farming and Engineering Services, an integrated agricultural solutions provider. Financial terms were not disclosed. "This transaction is a vote of confidence in the entire FES team. Over the years we have evolved from purely an equipment supplier to an integrated agricultural solutions provider that continuously looks at ways to expand our offering to assist our clients. With the support of our new partners, FES looks forward to the new growth chapter that awaits us," Mike Aldworth, FES Group Managing Director.