Phatisa

Deloitte M&A Transaction Services is proud to have supported Phatisa and other co-investors in relation to the investment into Lona Group, a vertically integrated foods business and citrus exporter.  Phatisa, together with a consortium of leading development finance institutions (“DFIs”), has acquired a significant minority stake in South African-based citrus and fresh-produce exporter, Lona Group (“Lona”), for an undisclosed sum. The investment will be used as expansion capital. As part of the transaction, Deloitte was appointed to perform the financial and tax due diligence, along with the Sale and Purchase Support (SPA) services.

Deloitte’s role

Deloitte acted as transaction services provider to Phatisa, which included support on the SPA from a financial and taxation perspective. 
• Client: Phatisa 
• Sector: Agriculture
• Capabilities: M&A Transaction Services
• Deloitte’s role: M&A transaction support

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Client’s objective:

Phatisa, together with a consortium of leading development finance institutions (“DFIs”), acquired a significant minority stake in a South African-based vertically integrated foods business and citrus exporter, Lona Group (“Lona”). The investment will be used for expansionary capital purposes.