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South Africa: Zeder Investments sold its stake in Quantum Foods

South African agribusiness investor Zeder announced it has sold its 32.1% stake (61.6 million shares) in the animal feed company Quantum Foods Holding Limited to Country Bird Holdings, a company operating in the same business segment as Quantum. The transaction was carried out through Zeder’s subsidiary Zeder Financial Services.

Zeder Investments will use the R308.1 million ($18 million) cashed from this sale to strengthen its cash reserves and recapitalize its subsidiaries if necessary, during this health crisis period. The firm is also looking for new investment opportunities in promising sectors.

Download GetFundedAfrica’s e-Guide to fundraising for start-up’s Here

The operation will allow Country Bird to continue its expansion in the country and in Botswana, Nigeria, Mozambique, Zimbabwe, Zambia, and Eswatini, where the company also operates.

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As a reminder, Zeder Investments entered the shareholding of Quantum in 2015 through the acquisition of a 25% minority stake.

GetFundedAfrica is a technology-based, business information platform operated by Afriscaper Research & Consulting Limited with a mission to reduce barriers to funding for African businesses. GFA matches investor ready, African & African-Diaspora owned companies with global investors, leveraging market research, industry data and news aggregation

GFA’s must read weekend feature entitled Making Finance Work For Agriculture in Africa [Part 1] highlights Agriculture as a Wealth Creator in Africa, and explains how Unlocking Agriculture Value Chains could affect African economies. Read more

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