Norfund and Redsun
Proud partner to Norfund
Deloitte M&A is proud to have supported Norfund in relation to its investment of R120m in Redsun.
Client’s objective
Norfund, the Norwegian Investment Fund for Developing Countries, has announced an investment of $8 million (R120 million) in South African raisin processor and distributor Redsun. Established in 2009, Redsun is based in Keimoes in the Northern Cape, a region where approximately 90% of South Africa’s raisins are produced. As part of the transaction, Deloitte was appointed to perform the financial due diligence.
Deloitte’s role
Deloitte acted as transaction services provider to Norfund.
• Client: Norfund
• Capabilities: M&A Transaction Services
• Deloitte’s role: M&A transaction support
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