Proceeds from the Gulf Capital investment will be used to fund CHO Company’s expansion and integration plans and working capital.
Wednesday 23, January 2019 BY KUDAKWASHE MUZORIWA
Abu Dhabi-based Gulf Capital has invested $22 million in Tunisia’s CHO Company, a fully-integrated global producer and exporter of organic and natural olive oil.
In a statement, Gulf Capital stated that the deal marks the seventh investment for Gulf Capital from its $251 million second private debt fund and its first investment in Tunisia.
Christopher Foll, the Senior Managing Director, Private Debt at Gulf Capital, said that the transaction will help CHO Company further expand its operations throughout the olive oil production value chain.
CHO Company operates its own orchards, mills as well as extraction facilities for organic and natural olive oil and pomace oil, three distribution centres in North America and a production facility for soap and olive oil cosmetics.