Dubai, UAE – Equitane DMCC (“Equitane”), previously known as the Africa Transformation and Industrialization Fund, is pleased to announce entering into a definitive agreement with Olam Group Limited to acquire its 32.4% equity stake in ARISE P&L Limited (“ARISE P&L” or “ARISE Ports &Logistics”), a ports and logistics company. The acquisition, valued at US$ 175 million is set to expand Equitane’s growing portfolio in infrastructure and logistics.
With this acquisition, Equitane continues to strengthen its position as a key player in developing sustainable infrastructure solutions in high-growth regions. ARISEP&L, a leading Pan-African logistics provider, operates an extensive network of ports and logistics hubs critical to the African market economy. This strategic transaction follows Equitane's earlier acquisitions stake in ARISE IIP and ARISE IS in 2022, reinforcing the company’s commitment to enhancing infrastructure in key regions.
‘‘We are excited to complete this acquisition, which reinforces Equitane’s strategy to build scalable, sustainable businesses that address the infrastructure needs of emerging markets. ARISE P&L plays a vital role in driving economic growth and enhancing regional connectivity within West and Central Africa. This acquisition further strengthens our position in the logistics and infrastructure sectors and supports our goal of fostering long-term, sustainable growth in Africa and beyond.’’
- Anish Jain, CEO of Equitane.
The transaction is expected to have no material impact on Equitane’s net tangible assets per share or earnings per share for the current financial year. Subject to customary closing conditions, the deal is expected to close within 9 to 12months.
About Equitane
Equitane is a long-term investment platform deeply invested in fostering progress in Africa and beyond. Its diverse portfolio spans across infrastructure, renewable energy, electric vehicles, healthcare, manufacturing and technology. Equitane is committed to driving sustainable economic development through innovation and strategic investments, ensuring projects deliver tangible positive impacts while supporting local communities and stakeholders. For more details, please visit www.equitane.com
About Olam Group
Olam Group is a leading food and agri-business supplying food, ingredients, feed and fiber to almost 22,000 customers worldwide. Its value chain spans over 60 countries and includes farming, processing and distribution operations, as well as a global network of farmers. Through its purpose to ‘Re-imagine Global Agriculture and Food Systems’, Olam Group aims to address the many challenges involved in meeting the needs of a growing global population, while achieving positive impact for farming communities, our planet and all its stakeholders. More information on Olam can be found at www.olamgroup.com
About Arise Ports & Logistics
ARISE Ports & Logistics (Arise P&L) operates as a developer of industrial ecosystems where we design, create, finance and develop interconnected infrastructure, enabling superior logistics solutions for our partners. Arise P&L’s portfolio consists of 3 port assets spread across 2 countries: Gabon, with the New Owendo International Port (NOIP) and the Owendo Mineral Port (OMP)and Côte d’Ivoire with the multipurpose industrial terminal of San Pedro (TIPSP). For more details, please visit www.arisepl.com
Audrey Mebaley
Global Head of communications – Arise Group
