Investment
Cold Chain Investment
Vertically integrated cold-chain plays capture margin at multiple stages (production → processing → distribution → retail) and are typically less commoditized than pure storage.
Deal size range
USD 5M – 100M+
Typical EBITDA margin
18 – 28%
Payback range
5 – 9 years
Investment thesis
- Food loss reduction as ESG-aligned yield driver (30–40% loss in emerging markets).
- Retail modernization requires reliable multi-temp networks.
- Export corridors reward end-to-end control.
Key risks
- Operational complexity across nodes.
- Currency risk on export revenue vs. imported CAPEX.
- Regulatory shifts (F-Gas, Kigali).
FAQ
Where does most value sit?
Processing and distribution — pure storage is easier to scale but is more commoditized.