New Angolan beverage plant approved for development
August 16, 2017
|Grupo Sun Ocean Lda is a project in Angola’s beverage sector with capacity to produce, package and distribute juice, water and wine with significant capacity to contribute to positive economic and social impacts in Angola|
|LUANDA, Angola, August 15, 2017/ —
A company (“Grupo Sun Ocean Lda.”) formed by Sun Ocean Holdings Ltd., a local partner with extensive experience in the Angolan market, Embasa (Equatorial Guinea) and QG African Infrastructure 1 LP has received formal approval from UTIP (Technical Unit for Private Investment) in Angola. Grupo Sun Ocean Lda is a project in Angola’s beverage sector with capacity to produce, package and distribute juice, water and wine with significant capacity to contribute to positive economic and social impacts in Angola.
UTIP, whose function is to receive, analyse and manage private investment, took into consideration the socio-economic justification of the project within the Angolan context, in particular, for the beverage sector in the country. In addition, the approval provides a green light for the projects financial model and feasibility assessment.
Martin Bachmann, Group Head Active Management, Quantum Global Group (www.QuantumGlobalGroup.com) commented: “I am truly delighted about the creation of this project [Grupo Sun Ocean Lda.] and to receive the approval of UTIP. We thank UTIP’s Board as well as our new partners in Grupo Sun Ocean Lda for their commitment. Quantum Global is excited to be investing in a sector which will contribute greatly to Angola’s drink and beverage sector as well as the diversification of the Angolan economy.”
Once fully operational, Grupo Sun Ocean Lda. has a target output of over 80 million litres annually and will employ over 400 employees. The company will occupy a unique position in Angola’s drinks and beverage market, in a country that has shown significant progress in increasing wealth, macroeconomic stability and economic diversification in recent years. Working to develop local juice, water and wine production and packaging capacity in Angola, initially serving the Luanda market and other nearby provinces in Angola, Grupo Sun Ocean Lda. is well positioned to contribute to the stability and ongoing development of the country’s drink and beverage sector as well as the significant creation of new jobs and comprehensive supply chains.
Grupo Sun Ocean Lda. is a company formed by Sun Ocean Holding Ltd.; a beverage and juice raw materials company, an Angolan company with extensive experience in the local market, Envasadora de Bata S.A; an Equatorial Guinea holding company in the beverage sector with strong experience in the management of the construction and operation of beverage production and packaging factories and QG African Infrastructure 1 LP; an investment vehicle managed by Quantum Global with attractive risk diversification across countries, sectors and underlying demand, exploring investment opportunities for early stage, expansion and exit including Greenfield and Brownfield investments.
Quantum Global is an international group of companies active in the areas of private equity investments, investment management as well as macroeconomic research and econometric modelling. Quantum Global’s private equity arm manages a family of funds targeting direct investments in Africa in the sectors of Agriculture, Healthcare, Hotels, Infrastructure, Mining and Timber – as well as a sector agnostic Structured Equity fund. Our team combines a solid track record and proven expertise to identify and execute unique investment opportunities with focus on Africa. Quantum Global works in close partnership with key stakeholders to maximise investment value and returns through active management and value creation
Nkemnji Global Tech
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