Jordan’s Foursan acquires 33% stake in dates exporter

Jordan’s Foursan acquires 33% stake in dates exporter

A fund managed by Jordan’s private equity company Foursan Group has acquired a minority stake in Medjool Village, a local producer and exporter of Medjool dates. Foursan Capital Partners (FCP) II fund acquired 33 percent in Medjool Village, which is the fund’s seventh investment. The value of the deal was not disclosed. Founded in 2012, Medjool […]A fund managed by Jordan’s private equity company Foursan Group has acquired a minority stake in Medjool Village, a local producer and exporter of Medjool dates.

Foursan Capital Partners (FCP) II fund acquired 33 percent in Medjool Village, which is the fund’s seventh investment. The value of the deal was not disclosed.

Founded in 2012, Medjool Village is a premium date supplier and exports to the UK, Europe, the Middle East, south Asia and south east Asia. 

The stake acquisition will allow Foursan to hold two of five board seats in Medjool Village.

FCP’s previous investments include Polymedic, a Moroccan generic pharmaceuticals manufacturer; Sands, one of Jordan’s largest K-12 schools; Jo Academy, an online education platform; MenaITech, a regional HR management system developer; Baida Pack, a Jordanian packaging company; and New Vision, the official agent and distributor of LG Electronics in Jordan.

The dates market is estimated to be worth $15 billion in