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Operations at GreenBasket Food Processing
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DFN-2026-118 · Full Acquisition

GreenBasket Food Processing

Verified Invite onlyFood ProcessingIbadan23y operatingOpen for interest
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₦979M
Revenue · TTM
₦264M
EBITDA
+21%
Growth
₦1371–1851M
Asking range
The business

A 23-year operator with contracted, recurring revenue.

Food Processing operator with defensible market position across South-West. Recurring revenue base, established management, and strong compliance posture. The business operates a diversified customer base with recurring revenues, well-documented processes, and a management team capable of continuity post-transaction. The current owners are pursuing a full acquisition to unlock capital for adjacent expansion.

Transaction rationale
Owner-led exit with structured transition. Management retention plan in place.
Business model
Recurring B2B & B2C revenue with contracted customer base and 3–5 year framework agreements.
Market position
Top-tier operator in the Frozen category across South-West, with defensible scale and brand equity.
Competitive advantage
Proprietary supply relationships, licensed operations, and mature technology infrastructure.
Growth potential
Adjacent geographic expansion, new product lines and margin uplift through supply-chain consolidation.
Customer profile
Mix of national accounts, mid-market and repeat consumer segments across primary and secondary cities.
Financial snapshot
Revenue
₦979M
Trailing 12 months
EBITDA
₦264M
Growth
+21%
Employees
241
Revenue and EBITDA history · ₦M
Revenue mix
Transaction structure
Node 1
Seller equity
Node 2
Buyer equity
Node 3
Bank financing
Node 4
Escrow reserve
Node 5
Earn-out
Node 6
Closing

Indicative structure only. Final consideration, financing mix and escrow terms are agreed inside the deal room after due diligence.

Sector context

The food processing sector in South-West continues to attract strategic and institutional capital, driven by formalisation, rising consumer demand and consolidation among mid-market operators. Verified listings in this category currently see above-average buyer engagement on XETUS.

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Location
Ibadan

Operations are centred in Ibadan, with distribution reach across South-West and established logistics corridors to secondary cities.

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Buyer-fit score
Risk summary
ConcentrationRisk · Medium
RegulatoryRisk · Low
Working capitalRisk · Low
Key-personRisk · Medium
TechnologyRisk · Low
Due diligence readiness
Financial statements
3 years audited
Tax clearance
Current
Corporate registry
Verified
Material contracts
In data room