Manager Limited (DAFML) is a Mauritian registered pan-African focused
private equity group with specialty interest in agriculture and food
production value chains. DAFMLs investment principle is aligned with
preserving the basic human rights of self-sufficiency through food
security. The firms focus is to create transformational opportunities
for companies in the Agribusiness sector to enhance food production on
the continent, whiles making above market long term returns for its
financial sponsors. The firm manages the AAF SME Fund, which focuses on
growth equity investments within the continent.
DAFMLs investment team members are domiciled in Africa across its
registered offices in Mauritius, Ghana and South Africa. Through its
relationship with Phatisa, the Fund Manager of the African
Agriculture Fund (AAF), DAFML has additional presence in Kenya and
DAFML is affiliated with the prestigious Databank Group, a full-house
investment banking and brokerage firm with over 20 years experience in
Africa, headquartered in Accra, Ghana.
THE AAF SME FUND
The AAF SME Fund, which had a final
close of US$36 million in May 2014, is a private equity fund
established to focus on food production and processing at the small and
medium enterprise (SME) level throughout the African continent.
Databank Agrifund Manager Limited is the AAF SME Fund Manager.
AAF SME Fund is established out of the African Agriculture Fund, a US$
300 million agriculture private equity investment fund. The AAF is
promoted by the Agence Franaise de Dveloppement (AFD); African
Development Bank (AfDB); the Government of Spain; Alliance for a Green
Revolution in Africa (AGRA); International Fund for Agricultural
Development (IFAD), Banque Ouest Africaine de Dveloppement (BOAD) and
ECOWAS Bank for Investment and Development (EBID).
- The US$ 36 million, AAF SME Fund is a
closed end private equity fund targeting SME African food and agri
- We are focused on value enhancement
and value chain optimisation.
- The Technical Assistance Facility in
excess of US$ 6 million, managed by TechnoServe, is available to
directly assist investee companies in studies, monitoring and capacity
- We are a pan-African investment
management team domiciled on the continent.
- Our investments will be focused on
optimising financial returns while enhancing development returns.
- We have a unique advisory partnership
with Phatisa, Fund Manager to the AAF.
- Investment requirement of US$ 150 k
to US$ 4 million.
- No more than 300 permanent employees.
- Total asset value of no more than US$
- Strong management team with a
demonstrable entrepreneurial background and willingness to collaborate
transparently with an engaged investor.
- Clearly articulated and compelling
vision for the business showing significant growth potential.
- Realistic entry valuation and ability
to achieve a profitable liquidity event in the medium term.
The AAF SME
Fund has been established to stimulate the scaling-up and commercial
growth of African SMEs in the food and agriculture space. We are very
excited about our future relationship with Phatisa and the mutual
passion and commitment to finally secure long term equity capital for
agri and food related SMEs in Africa. We have successfully assembled a
world class team for the Fund and are confident that we will create
considerable value for our investors, portfolio companies and African
economies. Databank is proud of its leadership role in this landmark
transaction. Ken Ofori-Atta,
Chairman of Databank