FAFIN, an agribusiness‐focused private equity fund managed by Sahel Capital, has invested an undisclosed sum in Dayntee Farms, a commercial poultry farm located in Kwara State, in the North Central region of Nigeria. 

Olumide Lawson, Partner at Sahel Capital, said: “We decided to invest in Dayntee Farms after a thorough analysis of the opportunities in the Nigerian poultry sector. We are particularly excited that Dayntee Farms is the latest addition to our portfolio and have full confidence in its management team.”

“In addition, we believe that with our recent investment, the company has the potential to grow significantly into a market leader in the next few years,” he added. 

Founded in 2011, Dayntee Farms produces a variety of poultry products including table eggs, day‐old chicks and point‐of‐lay birds, which it supplies to customers across the country.

The company is run by a strong management team with decades of experience in poultry farming, and a knowledgeable Managing Director, Ayodele Alade, who has led the company’s steady growth from inception.

Dayntee Farms is strategically located between the large poultry market of the South West and the grain producing regions of the North, which enables it to source raw materials at relatively low cost and sell its products at competitive prices.

The demand for animal‐based protein in Nigeria is being driven by the growing population and increasing spending power of the middle class.

FAFIN’s investment in Dayntee Farms is geared towards expanding the company’s production capacity to take advantage of the opportunities created by increased consumer demand.

In addition to this, invested funds will be used to augment Dayntee Farms’ working capital and improve its distribution network.

With FAFIN’s investment in Dayntee Farms, its Board of Directors has been reconstituted to include two independent directors, who will bring years of corporate experience and industry expertise to the company.

Olumide Lawson and Olaniyi Oladejo from Sahel Capital’s team will also be joining the Board of Dayntee Farms. 

Ayodele Alade, MD of Dayntee Farms, said: “Sahel Capital has come in at a time when Dayntee Farms is ready to move to the next stage of its growth. They are the right kind of partner for us because they share our vision for the company and have the expertise and resources to help us realize it.” 

FAFIN (Fund Managers for the Fund for Agricultural Finance in Nigeria) aims to transform the agricultural sector in Nigeria.

FAFIN’s fund sponsors include the Nigerian government via the Federal Ministry of Agriculture and Rural Development, the German government via KfW Development Bank, and the Nigeria Sovereign Investment Authority.

FAFIN has invested in two other companies over the past 18‐months – L&Z Integrated Farms, an integrated dairy business; and Diamond Pearls Agro Allied, an edible oils business.