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
STM Environmental has been acquired by Phenna Group
STM Environmental has been acquired by Phenna Group, gaining access to a broader network of expertise, enhanced resources and global reach. With extensive experience in life safety, environmental compliance and quality testing, along with a wide client base, Phenna Group is the ideal partner to accelerate STM Environmental’s expansion.
Learn moreABZ Seeds has been acquired by Planasa
ABZ Seeds, a renowned breeder of seed-propagated F1 hybrid strawberry varieties, has been acquired by Planasa, a global leader in breeding next-generation berry varieties, including blueberries, blackberries, raspberries and strawberries.
Learn moreAcapo AS has been acquired by Longship AS
Oslo-based intellectual property advisory firm Onsagers, supported by Longship since May 2024, has acquired Acapo AS. By combining decades of expertise and global reach, this strategic acquisition unites two of Norway’s most reputable IP firms, enabling them to offer a comprehensive range of solutions in patents, trademarks and IP strategy. This milestone strengthens their position in building a best-in-class network for strategic IP management, marking a key step in their continued growth.
Learn more