Key facts
- Helios Investment Partners will acquire up to 49% of Merec Industries.
- Merec Industries is Mozambique's largest flour milling company.
- Invictus Investment Company PLC will retain majority ownership.
- Completion of the acquisition is expected by the end of 2026.
Helios Investment Partners has agreed to acquire up to a 49% stake in Merec Industries, Mozambique's largest flour milling company, from Invictus Investment Company PLC. The transaction, made through Helios Fund V, aims to expand Helios' exposure to essential consumer goods in Africa. Merec Industries, founded in 1998, operates mills, production facilities, and a grain terminal across Mozambique's key port regions. Invictus acquired Merec in January 2025 for approximately US$190 million and will retain majority ownership. The deal is expected to close by the end of 2026, subject to regulatory approvals.