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Databank Agrifund 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 Zambia.

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.

 

INTRODUCING 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).

SALIENT FEATURES

  • The US$ 36 million, AAF SME Fund is a closed end private equity fund targeting SME African food and agri business companies.
  • 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 building.
  • 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 CRITERIA

  • Investment requirement of US$ 150 k to US$ 4 million.
  • No more than 300 permanent employees.
  • Total asset value of no more than US$ 15 million.
  • 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

          
 
 
 
 
 
 
 
 
A food and agri business focused fund managed by DAFML
 
 
 
 
 
DAFML is affiliated with the Databank Group
 
 
 
 
 

 
 
 
 
In partnership with
 
 
 
 
 

 
 
 
 
 
© Databank Agrifund Manager Limited 2012