Transaction Summary
British International Investment (BII) has committed an additional $15 million in equity to Valency International (Valency), a Singapore-based commodities trading company with operations in Côte d'Ivoire, Nigeria, Ghana, and Tanzania. Founded in 2007, Valency operates in 22 countries, specialising in agricultural commodities, agrochemicals, fertilisers, and industrial chemicals. This brings BII’s total investment to $30 million, following an initial $15 million injection in December 2023, with an option to invest a further $35 million within two years. BII’s initial funding supported the expansion of Valency’s cashew processing and warehousing facilities in Nigeria. The new capital will finance a 45,000-tonne cashew processing facility in Attingue, Côte d'Ivoire, and a bioproducts plant to convert cashew shell waste into biochar and biofuels.
Terms
- Fund Managers: British International Investment
- Target: Valency International Pte Ltd
- Financing Type: Equity
- Investment Strategy: Growth Equity
- Financing Instrument: Ordinary shares
- Amount: $15 million
Transaction Rationale
British International Investment’s follow-on investment in Valency reaffirms
