AquaHarvest Farms — Exit Strategy
AquaHarvest has identified multiple viable exit pathways for investors, each with distinct timing and return profiles:
Section 16 · Business Plan
Exit Strategy
AquaHarvest has identified multiple viable exit pathways for investors, each with distinct timing and return profiles:
Over the investment horizon, with exit options including trade sale, strategic acquisition and management buyout.
AquaHarvest has identified multiple viable exit pathways for investors, each with distinct timing and return profiles:
| Exit Option | Timeline | Target Valuation | Likelihood |
|---|---|---|---|
| Trade Sale to Large Agri-Corp | Year 5–7 | 6–8x EBITDA | High |
| Private Equity Acquisition | Year 4–6 | 5–7x EBITDA | Medium-High |
| Strategic JV with Retail Chain | Year 3–5 | Partial exit at 4–6x EBITDA | Medium |
| Management Buyout (MBO) | Year 5+ | 4–5x EBITDA | Medium |
| IPO (JSE AltX) | Year 7–10 | 8–10x EBITDA (if scaled to 2,000t+) | Low-Medium |
The preferred exit strategy is a trade sale to a major South African or multinational agribusiness corporation (e.g., Astral Foods, Country Bird Holdings, RCL Foods, or Mowi ASA) at a target EBITDA multiple of 6–8x. Based on projected Year 5 EBITDA of R11.4 million, this implies an enterprise value of R68–91 million, delivering a 2.4–3.3x return on invested capital and an IRR in the 22–25% range.
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