Go to deals
Agriculture | Other Industries | Private Equity

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

 Yaron  Zimbler

Yaron Zimbler

Director
Johannesburg, South Africa
Oaklins Grindrod

Related deals

White Lab has acquired Testing
Private Equity | Business Support Services

White Lab has acquired Testing

White Lab Srl. has acquired Testing Srl.

Learn more
Cara Care has been acquired by Mahana Therapeutics
Private Equity | Healthcare | TMT

Cara Care has been acquired by Mahana Therapeutics

Mahana Therapeutics Inc., renowned for its pioneering digital treatments targeting chronic health issues, has recently finalized the acquisition of Cara Care (HiDoc Technologies GmbH). Cara Care stands out as a premier digital health platform and an official digital health application (DiGA) dedicated to enhancing gut health. This acquisition, supported by key investors Lux Capital and Jazz Ventures Partners, perfectly aligns with Mahana’s expansion strategy.

Learn more
Digital Mind expands its reach with acquisition of EIP Dynamics
Private Equity | TMT

Digital Mind expands its reach with acquisition of EIP Dynamics

Digital Mind, a leader in business process digitalization for large and mid-sized organizations in the Baltic states, has acquired EIP Dynamics, a prominent Microsoft Enterprise Resource Planning (ERP) solution provider based in Poland. EIP Dynamics is recognized for serving some of the largest companies both within Poland and internationally. This acquisition is a significant step for Digital Mind in expanding its market presence and capabilities.

Learn more