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
He-Man Dual Controls has been acquired by Lagercrantz UK Limited
Lagercrantz UK Limited has acquired 100% of the shares in HM Holding Limited (He-Man Dual Controls), a leader in supplemental control systems for vehicles.
Learn moreAll Glass & Windows has been recapitalized by Cross Rapids Capital
Prospect Partners has sold All Glass & Windows (AGW) to Cross Rapids Capital.
Learn moreHC Partners has successfully secured debt financing for the acquisition of West Friesland Dakbedekkingen
Dutch private equity firm HC Partners has formed a strategic partnership with West Friesland Dakbedekkingen B.V. (WFD). This marks HC Partners’ entry into the roofing sector, with plans to build a national platform of regional roofing specialists.
Learn more