According to a statement from L&Z Integrated Farms Limited, an integrated dairy processing business in Nigeria, Sahel Capital has left the business.
In order to get out of L&Z, Sahel Capitals undertook a management buyout (MBO), which was overseen by L&Z’s founder.
Yogurt producer L&Z Integrated Farms Limited (L&Z), based in Kano, Nigeria, has been a portfolio company of Sahel Capital Agribusiness Managers Limited since 2015, which oversees the $65.9 million Fund for Agricultural Finance in Nigeria (FAFIN).
“We are confident that the company will continue to play a crucial part in the development of the sector over the ensuing years because L&Z has established itself as a formidable brand in Nigeria’s dairy industry”, according to Nwuneli.
L&Z increased its revenue as a result of Sahel Capital’s investment in the company. With the support, L&Z Farms onboarded two independent directors onto its board. The advice and guidance of the independent directors were crucial for strengthening the institutional structures of the firm.