ECP Looks To Expansion With Thunnus Aquisition

Emerging Capital Partners (ECP), an Africa-focused private equity firm that has raised more than $1.60bn for investments across the continent, has announced that it has acquired a minority stake worth US$28.90mn in Thunnus Overseas Group (TOG), a collection of companies that process and distribute tuna in Cote d'Ivoire and Madagascar. TOG products are mainly exported to Europe, particularly France, Germany and Belgium, where the company is the market leader. We believe that ECP's decision to target the tuna industry may prove to be a smart move as European consumers are showing a penchant for ready-made meals, particularly canned foods, as

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