454 Views

Turner Wright Limited Receives $150 Million Financing from Milost Global to Grow African Market

Turner Wright Limited a Nigerian company providing solutions in animal health, animal nutrition and hygiene has executed a Milost Equity Subscription Agreement financing facility with Milost Global Inc for $150 million financing, of which $50 million is in equity and $100 million debt.

The Chairman & Managing Director of Turner Wright Limited, Dr. Tunde Lawal, stated that, “The opportunity of closing the MESA financing with the Milost has breathed a new lease of life into our business. The infusion of fresh capital and subsequent capacity expansion will definitely go a long way towards broadening our product portfolio and expanding our market reach throughout Africa, in line with our vision of guaranteeing Food Security through the provision of high quality and affordable animal protein from healthy livestock and poultry.”

Senior Partner & CIO of Milost Global Inc, Solly S. Asibey stated, “As a specialised pharmaceuticals manufacturing company, Turner Wright controls a strong, yet very niche market and is amongst the top three nationally in Nigeria in its operational sub sector; and is poised to exponentially increase its market share within the West African region and beyond. The Milost facility will be used for growth and expansion capital to meet market demand. We are excited about this great investment, and are assured of great returns for all stakeholders accordingly.”

ALSO READ  GTBank Wins Multiple Awards at the 2017 CBN EPIS Efficiency Awards

Kim Freeman, Managing Partner & CEO of Milost Global Inc also stated, “We are very pleased to have executed the MESA with Dr Lawal as the financing allows Turner Wright’s current strong management team to expand production of its different products to meet the shortfall in Nigeria and beyond. It will also enable Turner Wright to assess acquisitions and other opportunities in future.”

Get the best viral stories straight into your inbox!

Don't worry, we don't spam

Leave a Comment

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Latest Posts

Watch: Davido Brings Chioma on Stage During His Performance in Cotonou (Video)
Best of Nigeria
95 views
Best of Nigeria
95 views

Watch: Davido Brings Chioma on Stage During His Performance in Cotonou (Video)

MT - August 18, 2018

Nigerian singer, Davido who headlined an event in Cotonou last night, brought his girlfriend Chioma on stage, as he sang the ‘Assurance’ song he dedicated to her on her…

How I Went From an Aircraft Cleaner to a Pilot – Captain Muhammed Abubakar
Best of Nigeria
89 views
Best of Nigeria
89 views

How I Went From an Aircraft Cleaner to a Pilot – Captain Muhammed Abubakar

MT - August 18, 2018

Captain Muhammed Abubakar has revealed how he went from being an aircraft cleaner to a pilot. Abubakar became a viral sensation, recently, after a tweet about how…

Footballer Emmanuel Emenike Issues Warning to Reekado Banks for Sharing Fake Viral Post About Him Divorcing ex-MBGN Iheoma Nnadi
Entertainment
113 views
Entertainment
113 views

Footballer Emmanuel Emenike Issues Warning to Reekado Banks for Sharing Fake Viral Post About Him Divorcing ex-MBGN Iheoma Nnadi

MT - August 18, 2018

Nigerian Footballer, Emmanuel Emenike and Ihuoma had their wedding in May this year and some unscrupulous social media handles posted a photo claiming that the footballer had…

President Buhari Returns to Abuja After His 10-day Vacation in London.
Politics
70 views
Politics
70 views

President Buhari Returns to Abuja After His 10-day Vacation in London.

MT - August 18, 2018

President Muhammadu Buhari has returned to Abuja after his 10-day vacation in London. The president arrived Nnamdi Azikwe International Airport on Saturday evening.He was received by top…

What Osinbajo Said After Visiting Site Of Collapsed Building In Abuja
Inspiring
109 views
Inspiring
109 views

What Osinbajo Said After Visiting Site Of Collapsed Building In Abuja

MT - August 18, 2018

Acting President Yemi Osinbajo, SAN, has described the collapse of a four-storey building in Jabi/Utako area of Abuja, Federal Capital Territory, as an unfortunate incident, and assured…

Nigerian Pastor Reveals What Policemen Did to Him After Being Stranded on Lagos Bridge. Photos
Best of Nigeria
111 views
Best of Nigeria
111 views

Nigerian Pastor Reveals What Policemen Did to Him After Being Stranded on Lagos Bridge. Photos

MT - August 18, 2018

A pastor has revealed what transpired between him and some police officers after his motor broke down on the Third Mainland bridge in Lagos. According to Adeniyi Adekunle,…

#AFRIMA2018: Davido, Tiwa Savage, Wizkid Nominated for 2018 Awards (Full List)
Best of Nigeria
92 views
Best of Nigeria
92 views

#AFRIMA2018: Davido, Tiwa Savage, Wizkid Nominated for 2018 Awards (Full List)

MT - August 18, 2018

  The organisers of the All Africa Music Awards (AFRIMA) have released nominees for its regional categories ahead of the 2018 ceremony. The event which held at…

Davido Shares Photo With Chioma From His First Trip on His Private Jet
Entertainment
113 views
Entertainment
113 views

Davido Shares Photo With Chioma From His First Trip on His Private Jet

MT - August 18, 2018

OBO is living the life. That’s no longer in denial. DMW boss, Davido just shared a photo if himself and his bae, Chioma on their first trip aboard his…

Why Any Good Man Would Want to be Around Me — Eniola Badmus
Entertainment
91 views
Entertainment
91 views

Why Any Good Man Would Want to be Around Me — Eniola Badmus

MT - August 18, 2018

For the ace actress, Eniola Badmus, any good man who has the chance to meet her would not let her go for a simple reason: she is a…

DJ Venum: FUTA Undergraduate DJ Breaks Guinness World Record For Longest DJ’ing
Best of Nigeria
110 views
Best of Nigeria
110 views

DJ Venum: FUTA Undergraduate DJ Breaks Guinness World Record For Longest DJ’ing

PH - August 17, 2018

DJ Venum, a Nigerian Disc Jockey, has broken the Guinness World Record for the longest DJ'ing, playing music non-stop for 15 days. The superstar DJ, Agboola Venmak,…

Nigeria’s Foreign Exchange Inflow Hits $91b In 2017 – CBN
Business
85 views
Business
85 views

Nigeria’s Foreign Exchange Inflow Hits $91b In 2017 – CBN

PH - August 17, 2018

The Central Bank of Nigeria (CBN) says the aggregate foreign exchange inflow into the country increased to $91billion in 2017. The apex bank revealed this in its…

Nigerian Woman Celebrates Her Daughter Who Is Now A Major In US Army. [Photos]
Best of Nigeria
132 views
Best of Nigeria
132 views

Nigerian Woman Celebrates Her Daughter Who Is Now A Major In US Army. [Photos]

MT - August 17, 2018

Congratulations are in order for a Nigerian lady identified as Major Tokunbo Benson, who recently graduated from US Army Command and General Staff College. The lady who…

WATCH Trailer of New Movie “Moms At War” starring Omoni Oboli & Funke Akindele Bello
Entertainment
119 views
Entertainment
119 views

WATCH Trailer of New Movie “Moms At War” starring Omoni Oboli & Funke Akindele Bello

PH - August 17, 2018

Actress Omoni Oboli‘s new production set to be released tomorrow, “Moms at War” is about two mothers who live in the same neighborhood, but hate each other.…

This Survey Says 74% of Nigerians Want to Move to Another Country
Featured
99 views
Featured
99 views

This Survey Says 74% of Nigerians Want to Move to Another Country

PH - August 17, 2018

A survey carried out by the Pew Research Center between February and April 2017 has said that 74% of Nigerians would go to live in another country…

WATCH: Atedo Peterside opens up about building a Billion-Dollar Business at 33 on ‘My Worst Day with Peace Hyde’
Best of Nigeria
156 views
Best of Nigeria
156 views

WATCH: Atedo Peterside opens up about building a Billion-Dollar Business at 33 on ‘My Worst Day with Peace Hyde’

PH - August 17, 2018

Atedo Peterside is one of the most respected bankers in Nigeria. At 33 he built a billion dollar business and became the founder of Stanbic IBTC Bank…

FG Paid A “Huge Ransom” To Secure Release Of Dapchi Girls – UN Report
Politics
90 views
Politics
90 views

FG Paid A “Huge Ransom” To Secure Release Of Dapchi Girls – UN Report

PH - August 17, 2018

A report submitted to the UN Security Council on Boko Haram and related terrorist organisations, on Tuesday, has said Nigeria paid “huge ransom” to secure the release…

Here’s the Video of Duncan Mighty and Davido That’s Got People Talking
Entertainment
94 views
Entertainment
94 views

Here’s the Video of Duncan Mighty and Davido That’s Got People Talking

PH - August 17, 2018

A video of Duncan Mighty and Davido is trending on social media. In the video shared via Instagram, Duncan Mighty is filmed taking a bow (and was…

FG Declares Public Holidays to Celebrate 2018 Eid-El-Kabir [See Date]
Best of Nigeria
116 views
Best of Nigeria
116 views

FG Declares Public Holidays to Celebrate 2018 Eid-El-Kabir [See Date]

MT - August 17, 2018

The Federal Government has declared Tuesday, Aug. 21, and Wednesday, Aug. 22 as public holidays to celebrate the 2018 Eid-el-Kabir. The Minister of Interior, Retired Lt.-Gen. Abdulrahman…

Loading...