https://www.myjoyonline.com/pic-acquires-majority-stake-in-dough-man-foods/-------https://www.myjoyonline.com/pic-acquires-majority-stake-in-dough-man-foods/
Investments

PIC acquires majority stake in Dough Man Foods

Peak Investment Capital (PIC), a leading Pan-African investment and operational firm specializing in building small and medium-sized businesses has acquired a majority stake in Dough Man Foods.

Dough Man Foods will continue to operate under its current management team, led by Francis Kofigah (CEO) and Karen Awo Mensah (COO).

Known for delivering exceptional quality and excellent customer service, Dough Man Foods (DMF) 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 pickup location in Dzorwulu, Accra and since partnering with PIC has opened a location on KNUST campus in Kumasi. 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.

Nana-Tuyee Yeboah, Partner and Chief Investment Officer at Peak Investment Capital, commented, “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 and the African 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 us bring Dough Man doughnuts to every region in Ghana and who knows, maybe one day to every region in Africa!”

Since 2016, PIC has worked closely with management teams 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, PIC counts among its affiliated portfolio companies a number of other quick-service restaurant businesses including IcyCup and Pinkberry.

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DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.