Multi-Million Dollar Debt Financing Transaction from Proparco to Kenya Nut Company Limited 1ST

Multi-Million Dollar Debt Financing Transaction from Proparco to Kenya Nut Company Limited

Nairobi, 6th August 2020: I&M Burbidge Capital is pleased to announce that it has advised on the Debt Financing Transaction by Proparco to Kenya Nut Company Limited, popular for its various brands; Out of Africa, Nutfields, Morendat, and Leleshwa. The transaction is the first of a two-phased disbursement plan.

Kenya Nut is celebrating just under 50 years of operation, is one of the leading macadamia nut processors in East Africa, renowned for its high quality macadamia and cashew nuts. It has won various prestigious awards including a double Gold medal award from the International Michelangelo Wine & Spirits Awards for two years in a row, in 2016 and 2017.

Proparco is a subsidiary of Agence Française de Développement (AFD) focused on private sector development. It has been promoting sustainable economic, social and environmental development practices for the past 40 years. Proparco provides funding and support to both businesses and financial institutions across Africa, Asia, Latin America and the Middle-East.

I&M Burbidge Capital advised Kenya Nut on all fronts of the transaction, including structuring, sourcing financing from the market, evaluation of offers that were received and managing various deal complexities.

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About I&M Burbidge Capital

I&M Burbidge Capital Limited is a corporate finance advisory firm regulated by the Capital Markets Authority (CMA) creating long-term advisory relationships & solutions across Sub- Saharan Africa with a specific focus on the East African region. I&M Burbidge Capital specializes in advising businesses in the region on significant capital raising through IPOs, private equity, debt and Mergers & Acquisition transactions and mainly focus on mid & large sized companies with typical transaction size of $5 million – $300 million.

For more information, contact:

Edward Burbidge
Chief Executive Officer
I&M Burbidge Capital Limited
Tel: +254 (0)20 322 1160

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