Phatisa Invests in Torre Equipment Africa (Sub-Saharan Africa)

Source: Phatisa

Private equity fund manager Phatisa has invested in South Africa-based equipment distributer Torre Equipment Africa (TEA). With Phatisa’s support, TEA intends to expand its product offering and sales within the agricultural sector. TEA operates in Côte d’Ivoire, Ghana, Liberia, Sierra Leone, Cameroon and Botswana, among others. Financial details of the transaction were not disclosed.