Mauritius/Abidjan, 5 February 2025 – Adiwale Fund I announces its investment in Jus Délice, the leading West African producer of organic pineapple juice and concentrate, based in Togo. This investment will enable the financing of a new production line and the exit of Moringa, a fund established by Edmond de Rothschild, and a majority investor in the company since 2018.
Through this transaction, Adiwale Fund I will support Jus Délice’s efforts to meet the growing demand from its international customers, particularly in Europe and North America, whose customers show increased interest in organic pineapple juice. The fund will help strengthen management, consolidate environmental standards and improve operations to ensure that the various certifications (organic and ISO labels) are updated and renewed. Finally, Adiwale Fund I’s investment allowed the company’s transition to a local ownership and management, leveraging the expertise of Togolese professionals.
Jean-Marc Savi de Tové, Managing Partner of Adiwale Partners, commented: “This investment demonstrates the growing role played by private equity in the manufacturing sector and its integration with the particularly risky agricultural sector, which however underpins the economies of our sub-region. We hope to carry out many more operations of this type and contribute to strengthening manufacturing and agricultural employment”.
Vissého Gnassounou, Managing Partner of Adiwale Partners, added: “This transaction demonstrates that well-supported local companies can compete effectively on the global market thanks to the quality of their products”.
Gustav Bakoundah, Chairman of Jus Délice, expressed his satisfaction: “Adiwale Fund I investment in Jus Délice not only helps us expand our shareholder base to local partners, but also allows our company to continue opening up new markets for our products, creating more opportunities for our farmers and the entire agricultural ecosystem. We are very pleased about this.”
Audit & Consulting Group advised Adiwale Fund I on the financial due diligence, Kinomé on the commercial due diligence, IBIS Consulting on environmental and social matters, and Asafo & Co. on the legal aspects of the transaction.