Kobbina Awuah, Partner 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. 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”.
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.