Investment by African Agricultural Capital Fund
Wilmar Flowers limited is a well-established export floriculture business located in Thika, Central Kenya. The business is one of the major summer flower exporters at the Dutch auction from Kenya. The business model revolves around supporting smallholder farmers in central, Eastern, Rift Valley and Nyanza provinces produce commercial flower varieties which the company then processes to export grade. Since PCP made the investment in Wilmar in 2012, with medium-term capital, the realization has been a sustained capacity to grow the flower export volume potential of the company and by extension the smallholder farmer network. Over the next 2-3 year PCP will be looking to making an exit from this investment.