Crookes Brothers Limited has raised US$18m through an issue of shares to Silverlands Plantations
The shareholders of Crookes Brothers Limited have received a fairness opinion on a private equity investment into a Johannesburg Stock Exchange listed company.
Crookes Brothers Limited is a South African company with agricultural operations in the KwaZulu-Natal, Mpumalanga and Western Cape provinces of South Africa, as well as in Swaziland, Zambia and Mozambique. Crookes Brothers is a producer of sugar cane, bananas, deciduous fruit and tree nuts.
Silverlands (SA) Plantations SARL, owned by the Silverlands Fund, is managed by SilverStreet Capital, a London-based private equity group. The Silverlands Fund is focused on investing in the agricultural sector in Sub-Saharan Africa.
Oaklins' member firm in South Africa advised Crookes Brothers' directors as an Independent expert to provide a fair and reasonable opinion on the transaction involving raising US$18 million through an issue of shares to Silverlands Plantations. Shares placed with Silverlands will, subsequent to Silverlands' subscription, be offered back to shareholders in terms of a claw-back/rights issue.
Talk to the deal team
Related deals
Technology & Strategy Group expands with the integration of TOPIC
Technology & Strategy Group (T&S), a European expert in consulting, digital and engineering, is developing its engineering business with the arrival of new Dutch partner TOPIC, an expert in embedded systems. The integration of TOPIC will further strengthen T&S’ expertise in system, hardware and software development, which will enable the delivery of more complex, turnkey projects and complete solutions, including end-to-end product development.
Learn moreCleanroom Combination Group has been acquired by Craft Capital
Cleanroom Combination Group (CCG), a Netherlands-based leading player in the design, construction and maintenance of high-quality cleanrooms, has been acquired (majority) by Craft Capital, a Netherlands-based private equity firm. By joining forces, CCG will accelerate growth in the market of cleanrooms.
Learn moreLitecad has been acquired by The Specialist Group
Litecad, the Netherlands-based engineering firm and provider of technical secondment services, has been acquired by The Specialist Group (TSG), a leading provider of technical engineering specialists for sectors such as power, chemicals, infrastructure, renewables and life sciences. Together, TSG and Litecad will continue supporting clients in their transition towards new energy and sustainable operations.
Learn more