MNCapital Africa Advisors Facilitates SPEAR Capital Investment in Zimbabwe’s Second Largest Dairy Producer, Dendairy

The deal, which was a combined debt/equity transaction, had a value of $6 million

HARARE, Zimbabwe, May 26, 2015/African Press Organization (APO)/ Scandinavian-backed private equity investment company, SPEAR Capital (Pty) Ltd (“SPEAR”), acquired 27% of Zimbabwe’s second largest dairy producer, Dendairy ( The deal, which was a combined debt/equity transaction, had a value of $6 million.

MNCapital Africa Advisors (“MNCAA”) was responsible for the introduction of the Dendairy opportunity to SPEAR and assisted SPEAR in its initial assessment of the opportunity.

Commenting on the transaction, MNCAA Managing Partner, Mr. Mansur Nuruddin, stated: “Our combined 100+ years’ experience in the industry has ensured that we have access to numerous funders and are a ‘go to’ partner for sourcing capital. Assisting in this transaction has enabled us to participate in the growth of a local Zimbabwean owned entity. The funding will go a long way to assist Dendairy’s expansion plans, and we are pleased to have helped to facilitate this growth.”

Mr. Martin Soderberg, a SPEAR Capital Partner, stated: “We are pleased that MNCAA brought the Dendairy transaction to us. We were impressed by their effectiveness and efficiency throughout the transaction. We trust our business relationship will grow into the future”.

About MNCapital Africa Advisors:

MNCapital Africa Advisors (“MNCAA”) ( is an African focused financial advisory firm offering corporate advisory, capital raising and market entry services. MNCAA has partners in key African markets, i.e., Nigeria, Tanzania, Zimbabwe and South Africa, and key financial centers across the globe, i.e., London, Paris, Dubai, New York, Singapore, Miami and South Africa. MNCAA has assembled a world-class interdisciplinary team of driven professionals, which includes certified accountants, financial analysts, bankers, lawyers and marketing professionals. Collectively, MNCAA’s senior management has over 100 years of hands on experience and an expansive network throughout Africa, Europe, North America and Asia. With respect to its capital raising services, MNCAA has strong relationships with key decision makers at African focused private equity firms, Sovereign Wealth Funds, all of the African focused DFIs and numerous family offices, HNWIs and strategic investors. For more information contact or visit: or

About SPEAR Capital

SPEAR Capital (“SPEAR”) (  is a pioneering Scandinavian backed Sub-Saharan Africa focused Private Equity investment company seeking to invest in businesses that are positioned to benefit from the continued economic growth in Sub-Saharan African countries. SPEAR explores possibilities within the Fast Moving Consumer Goods (FMCG), Manufacturing & Processing, Financial Services and Telecom/Media/Technology. SPEAR Capital makes investments on behalf of SPEAR Africa Holdings, a Mauritian registered investment company. For more information contact or visit: or

Source: MNCapital Africa Advisors (MNCAA)

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