According to bank documents, SilverStreet Private Equity Strategies Soparfi (the “Investor”) has invested or will invest $38.3 million of equity and shareholder loans into SVL, a wholly-owned portfolio company, which has been used to purchase, expand, develop and operate table grape vineyards in Aussenkehr, Namibia.
SVL purchased (i) two existing vineyards, referred to as Nivex and Nagrapex, which cover approximately 198 hectares; and (ii) approximately 177 hectares of land, referred to as Golf, to be developed into vineyards. SVL intends to expand the total area of vineyards to approximately 350 hectares and carry out improvements to infrastructure. SVL will grow, harvest, pack, and market table grapes for export.
SVL is located adjacent to the Orange River, which borders South Africa, and is 620 km north of Cape Town, South Africa and 650 km south of Windhoek, Namibia.
*Contact information not provided at the time of disclosure*