Investment Criteria


Industry Focus
The agriculture & food value chain in Southern Africa.

Targeted Companies
Mid-cap businesses that display a sustainable competitive advantage, a scalable business position and capability set or product portfolio or brand in Southern African countries.

Investment Size
Investment size in the range of R50m – R750m

Qualitative Considerations
Given Acorn´s emphasis on partnership with management, we only consider investments where we believe such a partnership is likely to succeed. This includes partnering with competent and honest management teams and ensuring that they have equity ownership in their respective companies. Furthermore, our partner companies must have easily understandable business models, robust financial health and a clear competitive advantage. Growth prospects must be present in partner companies as well as the ability to create jobs and positively impact the communities and environment in which they operate.