OUR HERITAGE

Pearl Dairy

US$35MM Raise in Debt Financing for Uganda's Leading Dairy Producer

Delphos Financial Advisor Pearl Dairy
Delphos Financial Advisor Pearl Dairy

Pearl Dairy Farms Limited is Uganda’s largest dairy processor and a leading producer and distributor of dairy products in East Africa.

Delphos assisted Pearl Dairy to secure US$35MM in long-term debt financing. The proceeds will finance expansion of existing dairy operations in Uganda, secure footprint in Kenya and refinancing existing facility.

Uganda, Agriculture, Agri Processing, Africa, Capital Raising, 2023, SDG

Sector

Agriculture

Amount Raised

US$35,000,000

Deal Type

Capital Raising

Unique Challenge

Delphos advised on structuring and arranging the debt facility for a leading dairy producer in East Africa, supporting DFI engagement and aligning the transaction with food security and agricultural resilience priorities.

Sub-sector

Agri Processing

Year

2023

Type of Financing

Debt

Deal Impact in Numbers

  • Increased powder milk processing capacity from 20MT/day to 50MT/day
  • Expanded dairy production and processing infrastructure
  • Improved efficiency across the dairy value chain

Lender

IFC, FMO

SDGs

SDG 2 End hunger, achieve food security and improved nutrition and promote sustainable agricultureSDG 3 Ensure healthy lives and promote well-being for all at all agesSDG 5 Achieve gender equality and empower all women and girlsSDG 8 Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all

Borrower

Pearl Dairy Farms Ltd.

Deal Impact in Lives

  • Smallholder farmers and dairy suppliers in Uganda and Kenya
  • Local consumers benefiting from improved food availability
  • Employees and rural communities linked to dairy value chains

Location

Uganda

Uganda Pearl Dairy Financial Advisory Delphos