By Lynda Kiernan, Global AgInvesting Media IDeA Agro Fund, the first private equity fund in Italy focusing on investment opportunities in agricultural businesses, has announced its final close at EUR110 million (US$133.5 million). Since its launch in 2018, and working with advisory company Ettore Fieramosca, IDeA Agro has deployed capital across seven deals with the […]
By Lynda Kiernan, Global AgInvesting Media Private equity investor Alantra has acquired a majority stake in Surexport, one of the largest independent berry producers in Europe, through Alantra Private Equity III, which closed at EUR450 million (US$547 million) in 2018. Founded in 1994 in Huelva, Spain, Surexport is a leading fully-integrated producer of strawberries, blueberries, […]
By Lynda Kiernan, Global AgInvesting Media The global flavors segment has seen its fair share of consolidation and dynamic activity within the past few years, resulting in a string of big money deals. Global players have been positioning themselves to expand beyond commodities and up the production chain in order to gain a foothold in […]
By Lynda Kiernan, Global AgInvesting Media French independent ag and food investor Unigrains has made an undisclosed investment in Innatis, France’s second largest name in the apple industry, with the goal of partnering with the company to achieve its strategic growth objectives, including the acquisition of major French fruit producer Domaine des Coteaux. “With Unigrains, […]
By Lynda Kiernan, Global AgInvesting Media In mid-December Gladstone Land announced that it had increased its secured note purchase facility with Federal Agricultural Mortgage Corporation (Farmer Mac) from $125 million to $225 million. At the time, company president and CEO David Gladstone said, “We believe this upsized facility will play an important role in our […]
By Lynda Kiernan, Global AgInvesting Media Through one of its wholly-owned subsidiaries, real estate investment trust (REIT) Gladstone Land has expanded its secured note purchase facility with Federal Agricultural Mortgage Corporation (Farmer Mac) by $100 million. Under the terms of the agreement the secured note was extended from $125 million to $225 million, and the […]
By Lynda Kiernan, Global AgInvesting Media The food crisis of 2007 brought food security to the forefront for the United Arab Emirates. In response, a Food Security Committee and the Food Security Centre – Abu Dhabi were created, and investments were deployed into overseas ventures to ensure steady imports. COVID-19, however, added a new dimension […]
By Lynda Kiernan, Global AgInvesting Media EXEO Capital was launched in March 2016 through a 50/50 joint venture between the founders of the South African private equity fund, Agri-Vie, and pan-African asset manager, STANLIB, as an entity through which to manage private equity vehicles formed to invest in strategically selected sectors. The partnership planned to […]
By Lynda Kiernan, Global AgInvesting Media Indiana-based Teays River Investments has agreed to acquire family-owned Grimmway Farms – the self-proclaimed largest carrot producer in the world – for an undisclosed sum. Headquartered in Bakersfield, California, and founded in the 1960s by Rod and Bob Grimm, Grimmway is the force behind the popularity of baby carrots. […]
By Lynda Kiernan, Global AgInvesting Media Sustainable food chain investor Paine Schwartz Partners has made multiple moves this week. The first, an exit. An announcement has been made that Paine Schwartz Food Chain Fund IV (Fund IV) has completed the sale of FoodChain ID – a platform for a holistics suite of tech-driven food safety, […]
