Helios exit Flamingo

28th April 2007

Emerging markets private equity fund managers Actis and Helios Investment Partners have sold their respective minority shareholdings in Flamingo Holdings as part of the 100 per cent sale of Flamingo to James Finlay. Financial details of the transaction have not been disclosed. 

Flamingo is a horticultural business involved in the growing, processing, packaging, marketing and distribution of cut flowers and fresh vegetables for the UK market and has significant interests in Kenya through its wholly-owned subsidiary Homegrown.

Actis has nearly 60 years of private equity investment experience in Africa and over US$1bn in funds under management across the continent.

Helios Investment Partners is an African private equity firm operating in sub-Saharan Africa with over US$450m of assets under management.

Murray Grant, partner at Actis, said, 'Flamingo is a premier supplier of cut flowers and prepared and premium vegetables to the leading supermarkets in Britain, a position it has established through hard work and an exceptional team led by the founder Dicky Evans.

'This has been a happy investment for Actis over the last four years during which time we have seen the business triple in size and continue to demonstrate management best practice to all stakeholders,' Grant added.


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Helios invests in market-leading, diversified platform companies operating in core economic sectors.