Pan-African food and agriculture-focused private equity fund manager EXEO Capital has acquired a 37 percent stake in South Africa-based FMCG manufacturer Jumbo Brands. The company produces a variety of juices, coffees and snack foods and plans to partner with EXEO to grow its current product lines and acquire other businesses within the sector. EXEO invested through Agri-Vie Fund II. Financial details of the transaction, which was completed in December 2018, were not disclosed.