A leading Pan-African investment and operational firm, Peak Investment Capital (PIC), has acquired a major share in Ghanaian owned company, Dough Man Foods (DMF).
Founder of DMF, Francis Kofigah, however remains the Chief Executive Officer of the DMF despite the change of management of the company, a communique from PIC reveals.
Commenting on the acquisition, Partner at Peak Investment Capital, Kobbina Awuah, touted the achievements of DMF saying he is optimitic, the new management will rebrand and strengthen the company for the current market.
He said, “Dough Man Foods is a great addition to our portfolio. We look forward to working with management on strengthening its current market position while staying true to the Dough Man brand. Given the current market environment, this is a great time to grow the brand and take Dough Man Foods to new locations across Ghana. We also hope to leverage our existing partnerships across Africa to expand the Dough Man footprint across the continent.”
“Our loyal customers can expect more of the same: premium-tasting pastries with high quality service.” Francis Kofigah, Founder and CEO of Dough Man Foods, commented, “We are extremely excited about this partnership.At Dough Man, we believe in delivering quality doughnuts to our customers, when and where they need it. We have customers everywhere and look forward to PIC helping make Dough Man Foods more accessible to the Ghanaian consumer and also expanding beyond Ghana,” Kobbina Awuah added.
About Dough Man Foods
Dough Man Foods is known for delivering exceptional quality and excellent customer service and has quickly become the go-to brand for everything doughnuts.
With over 20 flavors, DMF has been bringing its customers a “kneaded” taste since inception in 2016. Dough Man Foods currently operates out of its flagship location in Dzorwulu, Accra and since partnering with PIC is on track to open two more stores to bring its products closer to the consumer.
At DMF, doughnuts are available throughout the day and can be enjoyed as a breakfast substitute in the mornings, or as a mid-day to late night snack.
About Peak Investment Capital
Since 2016, PIC’s Ghana office has worked closely with management teams in Ghana to provide the strategic resources and operational expertise that help management teams grow their businesses, improve operations and build great companies.
In addition to Dough Man Foods, in Ghana, PIC counts among its affiliated portfolio companies a number of other quick-service restaurant businesses including IcyCup and Pinkberry.