"Pan-African private equity firm 8 Miles has purchased a stake in Ugandan agribusiness Biyinzika Poultry International for an undisclosed amount. BPIL was established in 1990 and sells poultry Day-Old Chicks and specialised poultry feed
PRESS RELEASE
8 Miles LLP, the pan-African Private Equity firm, confirms that it
has purchased a stake in Ugandan agribusiness Biyinzika Poultry
International Ltd. (BPIL) for an undisclosed consideration.
BPIL was established in 1990 and is the Ugandan market leader in the
sale of poultry Day-Old Chicks (‘DOC’) and specialised poultry feed,
which is produced at its recently constructed feed mill and storage
facility in Katega, Uganda. The company has 21 outlets around Uganda and
produces approximately 500,000 DOC per week.
Doug Agble, Partner at 8 Miles, commented: “The current market is
fragmented with a few niche players and the investment from 8 Miles
provides the company with an opportunity to add scale and depth to its
product offering.”
8 Miles LLP is regulated by the UK Financial Conduct Authority and
the Fund is only open to institutional and qualified investors.
- Ends -
For further information:
Waughton +44 20 7776 8822 / +44 7710 593668
Robin Hepburn rhepburn@waughton.com"
Robin Hepburn rhepburn@waughton.com"
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