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    Innovation Village | Technology, Product Reviews, Business
    You are at:Home»Agriculture»Sahel Capital invests in Dayntee Farms
    Dayntee farms

    Sahel Capital invests in Dayntee Farms

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    By Staff Writer on August 8, 2016 Agriculture, Investments

    Sahel Capital, Fund Managers for the Fund for Agricultural Finance in Nigeria (FAFIN), is investing an undisclosed amount in Dayntee Farms Limited, a commercial poultry farm located in Kwara State, in the North Central region of Nigeria.

    Founded in 2011, Dayntee Farms produces a variety of poultry products including table eggs, day‐old chicks and point‐of‐lay birds, which it supplies to customers across the country. The company is run by a strong management team with decades of experience in poultry farming, and a knowledgeable Managing Director, Ayodele Alade, who has led the company’s steady growth from inception.

    The new capital will be used to expand the company’s production capacity, augment Dayntee Farms’ working capital and improve its distribution network.

    Mr. Olumide Lawson, a Partner at Sahel Capital, when discussing the investment noted, “We decided to invest in Dayntee Farms after a thorough analysis of the opportunities in the Nigerian poultry sector. We are particularly excited that Dayntee Farms is the latest addition to our portfolio and have full confidence in its management team. In addition, we believe that with our recent investment, the company has the potential to grow significantly into a market leader in the next few years.”

    According to Ayodele Alade of Dayntee Farms, “Sahel Capital has come in at a time when Dayntee Farms is ready to move to the next stage of its growth. They are the right kind of partner for us because they share our vision for the company and have the expertise and resources to help us realize it.”

    With FAFIN’s investment in Dayntee Farms, its Board of Directors has been reconstituted to include two independent directors, who will bring years of corporate experience and industry expertise to the company. Mr. Olumide Lawson and Mr. Olaniyi Oladejo from Sahel Capital’s team will also be joining the Board of Dayntee Farms.

    The transaction marks the third deal for the fund, which us targeting a $55 million final close. Within the past 18 months, FAFIN has invested in two agribusinesses in Nigeria–L&Z Integrated Farms, an integrated dairy, and Diamond Pearls Agro Allied, a producer of edible oils.

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    Agriculture Dayntee Farms FAFIN Sahel Capital
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