IFLR1000

Panafrican Equipment Group $100 million acquisition of Massey Ferguson

1/4/2016
Private acquisition
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$ 100 million

Announced

1/4/2016

Overview:

  • Panafrican Equipment Group acquired the Farm Machinery Distributors (FMD) Group.
  • Through this acquisition, Panafrican Equipment Group acquired agricultural company Massey Ferguson for $100 million to add to its agriculture equipment offering.
  • FMD distributes Baldan soil equipment and Jacto spraying machinery. 

Rani Mehta - JOurnalist 

Jurisdiction:

Kenya

Deal type:

Private acquisition

Practice area:

M&A

Industry sector:

Agriculture

Firm:
CMS Daly Inamdar Advocates

Party: Panafrican Equipment Group (Acquirer)

Lawyers: Hamish Keith, Shitul Shah

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