Deal history comparison #7071

Previous version (150120)

Selected version (151023)

Location #1

Spatial accuracy level
Approximate location
Location
Lake Naivasha, Kenya

Target country
Kenya

Location #2

Spatial accuracy level
Approximate location
Location
Mount Kenya, Kenya

Target country
Kenya

Location #1

Spatial accuracy level
Approximate location
Location
Lake Naivasha, Kenya

Target country
Kenya
Comment on location
Kingfisher and Flamingo Farms

Location #2

Spatial accuracy level
Approximate location
Location
Mount Kenya, Kenya

Target country
Kenya
Comment on location
Ibis and Suraji Farms

Land area

Size under contract (leased or purchased area, in ha)
1,856
Comment on land area
Our farms include; Kingfisher- Naivasha – (Roses, Spray Carnations, Fresh produce) Flamingo – Naivasha – (Roses and Fillers) Ibis – Mount Kenya – (Tenderstem, Broccoli, fine beans, runner beans, sugar snaps mangetout, spring onions as well as a range of fresh herbs) Siraji – Mount Kenya (Spray Carnations, large headed roses)

Intention of investment

Intention of investment
Food crops, Non-food agricultural commodities (1856 ha)

Negotiation status

Negotiation status
Concluded (Contract signed)
[2007] Change of ownership
[current] Concluded (Contract signed)

Implementation status

Implementation status
[current] In operation (production)

Contract farming

Comment on contract farming
Might involve contract farming off the lease.

Land area

Size under contract (leased or purchased area, in ha)
1,856
Comment on land area
Our farms include; Kingfisher- Naivasha – (Roses, Spray Carnations, Fresh produce): 93ha, established in Flamingo – Naivasha – (Roses and Fillers) Ibis – Mount Kenya – (Tenderstem, Broccoli, fine beans, runner beans, sugar snaps mangetout, spring onions as well as a range of fresh herbs) Siraji – Mount Kenya (Spray Carnations, large headed roses)

Intention of investment

Intention of investment
Food crops, Non-food agricultural commodities (1856 ha)

Negotiation status

Negotiation status
[1990] Concluded (Contract signed)
[2007] Change of ownership
[2007] Concluded (Contract signed)
[2015] Change of ownership
[2015, current] Concluded (Contract signed)
Comment on negotiation status
The 30-year Kingfisher farm stands where one of the pioneers of Kenya’s flower industry, Sulmac used to be until 2000 when it was sold by CDC to another flower giant, Homegrown, a subsidiary of Flamingo Holdings. Flamingo was in turn acquired by James Finlay in 2007 (https://allafrica.com/stories/200708020834.html), which subsequently sold its horticulture activities to an affiliate of Sun European Partners, LLP (https://www.swire.com/en/news/_press-releases/p151013.pdf)

Implementation status

Implementation status
[current] In operation (production)

Contract farming

Comment on contract farming
Might involve contract farming off the lease.

Operating company

Operating company
Comment on investment chain
CDC Capital Partners (CDC) purchased a 14% stake in Flamingo

Operating company

Operating company

Data source #1

Data source type
Media report
Publication title
Kenya: James Finlay's Takes Over Homegrown
Date
2007-07-31

Data source #2

Data source type
Company sources

Data source #3

Data source type
Media report
Publication title
CDC buys a 14% stake in Flamingo Holdings, a fully integrated horticultural business
Date
2003-05-22

Data source #1

Data source type
Media report
Publication title
Kenya: James Finlay's Takes Over Homegrown
Date
2007-07-31

Data source #2

Data source type
Company sources

Data source #3

Data source type
Media report
Publication title
CDC buys a 14% stake in Flamingo Holdings, a fully integrated horticultural business
Date
2003-05-22

Data source #4

Data source type
Media report
Publication title
Farm: Flamingo Flowers Kingfisher Farm
Comment on data source
Floralife

Data source #5

Data source type
Company sources
Publication title
Finlays agrees sale terms of Horticulture Division with Sun European Partners
Date
2015-10-13
Comment on data source
Sale by James Finlay to Sun European Partners

Detailed crop, animal and mineral information

Crops area
Flowers (unspecified), Fruit (unspecified), Vegetables (unspecified)

Use of produce

Has export
Yes
Export
100
Country 1
United Kingdom of Great Britain and Northern Ireland

Detailed crop, animal and mineral information

Crops area
Flowers (unspecified), Fruit (unspecified), Vegetables (unspecified)

Use of produce

Has export
Yes
Export
100
Country 1
United Kingdom of Great Britain and Northern Ireland