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Announced

Completed

DPI completed a $56m investment in SICAM.

Financials

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Transaction Value£45m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Friendly

Food Products

canned foods

Completed

Tunisia

Acquisition

Private Equity

Single Bidder

tomato processing

Private

Minority

canned tomatoes

Synopsis

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Development Partners International, a pan-African private equity firm, completed a $56m investment in SICAM, a Tunisian tomato processing and agri-business owned by The Bayahi Group. "We are pleased to be investing in SICAM. The agri-business industry presents an excellent way for DPI to deliver both financial returns while making an impact on the lives of SICAM stakeholders," Runa Alam, DPI CEO.

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