Posts Categorized: Uncategorized

Making a difference – one GreenBox at a time

The Acorn team is committed to doing its part for the communities of South Africa that will be most affected by the Covid-19 pandemic and lockdown. As a result, Montagu Snacks and Green Machine – subsidiaries of Acorn Agri & Food – have joined forces to create healthy, tasty and affordable snack boxes for families…

Acorn Private Equity staff begin working remotely for SA lockdown period

On Thursday, 5 March 2020 South Africa reported its first confirmed case of COVID-19. Countries the world over have been responding to the pandemic since December 2019 and many countries have enforced strict lockdown periods. As of midnight on Thursday, 26 March 2020 South Africa will join these ranks and begin its 21-day lockdown period…

Acorn Private Equity wins Catalyst PE Deal of the Year Award

The Ansarada DealMakers Annual Gala Awards took place on Tuesday, 18 February 2020 in Johannesburg where Catalyst editor Michael Avery presented the 2019 Private Equity Deal of the Year Award. Acorn Private Equity received this award for Grassroots Group’s sale of Bearnibbles SA.

Acorn Agri & Food invests in fast-growing Cape Town-based company, Green Machine

Acorn Agri & Food invested in fast-growing Cape Town-based company Green Machine in July 2019 through its new division, AgVentures. Green Machine is a healthy, modern alternative to traditional food distributors. No sugary, preservative-laden junk foods. Only delicious, healthy food that is priced to deliver. As of July 2019, the company was servicing 403 sites…

Acorn Agri & Food disposes of non-core stake in BKB

The Group’s non-core 11.1% stake in BKB was disposed of in June 2019. Since Acorn Agri & Food’s initial investment in BKB in 2014, the investment has generated an impressive IRR of 20.0%.

Acorn team completes sale of Grassroots Group’s biggest division

Back in 2008, Grassroots Group partnered with Andrew and Hayley Gait-Golding in order to bring the pair’s dream of nutritious guilt-free lunchbox treats for kids into reality. Production began at Grassroots’ facility in Gouda and the pair’s brand, BEAR, soon became the leading kids’ health snack brand in the UK. In 2015, BEAR was acquired…

Acorn team establishes exciting new division in Acorn Agri & Food, AgVentures

During the 2019 financial year, the Acorn Private Equity team established an exciting new division in Acorn Agri & Food – AgVentures. This division will be deploying funds shortly into its agri-based technology investment strategy. The company will not only invest in but also bring internationally acclaimed agri tech to South African shores.

International expansion for Acorn Agri & Food’s subsidiary, The Health Food Group

The Health Food Group is an established enterprise with a number of innovative producers of healthy snacks and on-the-go food already under its wing. After the sale of one of its subsidiary’s largest divisions, it is now set for its next stage of growth and is already in process of seeking and acquiring thrilling Europe-based…