Middle Eastern private equity firm Foursan Group has acquired a 33% stake in Medjool Village, Jordan’s largest vertically integrated grower, packer and exporter of medjool dates, marking its seventh investment via its third fund, FCP II.
As a result of the investment, Foursan now holds two of the company’s five board seats.
Medjool Village was founded in 2012 and exports medjool dates to the UK, Europe, the Middle East, South Asia and Southeast Asia.
In a statement, Shahm Al-Wir, a Partner at Foursan, said: “Our investment is not just a testament to the company’s superior products and operations but also to the potential we see in Jordan’s agricultural sector. We are particularly fortunate to partner with like-minded shareholders who prioritise quality and sustainability and look forward to helping the company expand its operations and further grow its global reach and footprint, ultimately contributing to economic growth and job creation in Jordan.”
FCP II’s other investments so far are Polymedic, a Moroccan generic pharmaceuticals manufacturer; Sands National Academy, a private school in Jordan; Jo Academy, a Jordanian online education platform; MenaITech, a regional HR management system developer; Baida Pack, a Jordanian packaging company; and New Vision, the agent and distributor of LG Electronics in Jordan.
