Thursday 22 June 2017

8 Miles Acquire Minority Stake In British Blue Skies

PE fund 8 Miles have announced the acquisition of a minority stake in UK incorporated Blue Skies. Other shareholders include the founder investors and the management team. Financial details were not disclosed.

Blue Skies, founded in 1997, is a producer of fresh cut tropical fruit and has operations in Ghana, South Africa, Egypt and Brazil. The company intends to use the funding to launch a fresh juice operation in Egypt and develop new product lines in other markets.