Singer and political activist Bob Geldof.
Dublin - Irish rock star Bob Geldof’s 8Miles private equity fund said it had acquired a minority stake in UK-incorporated Blue Skies, a fresh-cut tropical fruit producer with operations in several African countries.

Financial details of the transaction were not disclosed.

Blue Skies, founded in 1997 and with more than 4 000 employees to its name, posted revenues of £89.6 million (R1.4 billion) for the year ending December.

It has plans to expand its core fresh-cut fruit business, increase production capacity in South Africa, launch a fresh juice operation in Egypt and develop new product lines for some of its markets in Africa. Africa-focused 8Miles typically invests $15 to $45 million at a time.