Debaicku-based Invenus Investment Company, the leading Agro-Food business in the Middle East and Africa, has received a financing transaction from Mauritius Commerce Bank Limited (MCB), which will support the company’s position in new African markets and strengthen its operational position as it continues to move its operations.
The capital package, which builds on the existing partnership with MCB, is structured as an acquisition finance and revolving credit facility.
It will provide the financial flexibility needed to expand Invilsus’ footprint in operations, logistics and distribution. It will also support the growth and integration of a portfolio of Value-Experienced Food and FMCG goods on the African continent and serve local and regional markets.
Amir Daud Abdellatif, Chief Investment Officer, said: “The financing agreement with MCB underscores the confidence in our financial performance and our commitment to deliver continued financial growth and Value Creation.
“It gives us more flexibility to expand our core structure and continue to expand into high-growth markets and supports our vision to develop fully integrated businesses that contribute to food security in the Middle East and Africa.
“We see this as an important step to build a broad network of partners at multiple levels that work together to bring lasting value to communities and build long-term food resilience in all regions.”
Thierry Hebraud, CEO, added: “The partnership with Inventictus’ investment is a perfect fit for us, as it fits well with our determination to develop long-term relationships with multinationals doing business in Africa.
“This important financial package allocated to MCB’s investment objective is to support agricultural players involved in food security throughout the country. When they use the money to create a sustainable future for our customers and communities.”
In June this year, Invictus announced that it planned to make a third acquisition this year in Africa, following its purchase of Merec factories in Mozambique and the signing of an agreement to acquire 65 percent of ANATATA.
In a statement filed with the Abu Dhabi Security Exchange, Invictus said:
Headquartered in Dubai, the Invoctus investment was established in March 2022
