EXEO Capital has sold its 63% stake in Cape Olive Holdings. EXEO Capital is in the process of exiting investments in its food and agribusiness fund known as the Agri-Vie Fund I and one of the investments was in Cape Olive Holdings. Cape Olive Holdings is one of the largest olive suppliers in South Africa and the fund invested in this company in 2013. The internal rate of return on the investment was in line with fund’s expectations. The exit amount was not disclosed.
EXEO Capital is an alternative investment partner in Africa that structures, raises, deploys and manages private equity funds in various sectors across Sub-Saharan Africa with a portfolio of companies such as TerraSan Group, Marginpar, Capital Fisheries and Fairfield Dairy. The Agri-Vie Fund I was focused on mid-market growth investments in the food & agribusiness sector of Sub-Saharan Africa. EXEO Capital is majority-owned and managed by its founding executive shareholders and has blue-chip investors such as Stanlib (pan-African asset manager with a presence in ten Sub-Sahara African countries).