Lona Group (Pty) Ltd

ongoing

Lona Group is a vertically integrated fruit food business in South Africa. Established in 1996 and having its headquarters in Cape Town, Lona Group markets and exports citrus fruit from its own farms and on behalf of other producers. The company has expanded into agro-processing, logistics, and services during the past decade. Finnfund co-invests in Lona Holdco, which owns the majority of Lona Group, together with Phatisa Food Fund 2, BII, and Norfund. The expansion investments with the equity capital relate mainly to the expansion of food and fruit product processing capacity, cold storage-related investments, orchard net investments, small orchard expansion on selected farms, and finally to corporate acquisitions, which relate to buying out minority shareholders of selected group entities.