The International Finance Corporation (IFC) has disclosed a proposed senior loan of up to €11 million to Star Bright Holdings. The investment is designed to fuel a strategic capital expenditure program across the group's expansive flower farms in Kenya and Ethiopia, while providing a liquidity boost to its broader regional operations.
Operating under the globally recognized Marginpar brand, Star Bright Holdings has established itself as a premier producer of high-quality summer flowers, serving as a critical link in the global horticultural value chain.
The IFC's involvement complements a sophisticated ownership structure that combines private equity expertise with deep industry knowledge. AgriVie holds a 42% stake and brings its experience as a leading private equity fund manager focused on food and agribusiness across Sub-Saharan Africa. Norfund, the Norwegian Investment Fund for developing countries, owns 25% and adds the institutional stability often sought in high-impact African ventures.
The founding leadership remains deeply involved, with co-founders Richard Fernandes and Rob Koning holding 19% and 6% respectively, ensuring continuity of the vision that established the Marginpar brand. The remaining equity is held by a small group of strategic minority investors, rounding out a shareholder base that balances growth expertise with long-term industry commitment.
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