Italian pasta brand giant Barilla has launched Blu1877, a new hybrid venture capital fund and innovation hub designed to foster the growth of food-based startups focused on categories that are related to, or tangential to Barilla’s business. Much like Kellogg’s eighteen94 venture fund, which was named in reference to the year the company was launched, […]
AgCAP, manager of Australia’s Sustainable Agriculture Fund (SAF), has sold more than half of the fund’s portfolio of assets through an initial tranche deal reported to be valued at approximately A$110 million. TIAA Global Agriculture Properties has acquired 10 of the 17 properties making up the SAF portfolio totaling 16,000 hectares across New South Wales, and […]
Newly launched Norwegian private equity firm Summa Equity has made its first seafood investment, acquiring a 75 percent stake in Milarex, a value-added salmon processing company located in Slupsk, Poland, for an undisclosed amount. Launched last spring, Summa Equity was founded by Raynir Indahl, formerly of Altor, and Johannes Lien and Jenny Keisu, formerly with Nordic […]
The Public Sector Pension Investment Board (PSP Investments), one of the largest pension funds in Canada, is reportedly in the midst of structuring a deal with private agricultural group Australian Food & Fibre (AFF), through which AFF would transfer its 14.9 percent stake in listed Australian agricultural company Webster Limited into a joint venture between […]
GAI News reported in March 2017 that AccelFoods had reopened its latest funding round, expanding its second fund by $15 million to $35 million while also making new capital deployments. At the time, AccelFoods’ co-founder Lauren Jupiter told Tech Crunch that they were not at liberty to disclose its newest investors, but stated that “They are […]
Earlier this year Fairfax Financial, the holding company of Canadian billionaire Prem Watsa, invested an undisclosed amount in digital precision and data management agtech company Farmers Edge. Through the transaction, Fairfax Financial not only committed fresh capital to the company, but bought out, or bought down venture capital firms that had been key in Farmers […]
After seven years as cornerstone investors, a collection of Australian superannuation funds including AustralianSuper, have made the decision to exit the Sustainable Agriculture Fund (SAF). The collective move has placed AgCAP, the fund’s manager, in the position of listing the fund’s portfolio of agricultural assets on the market with expectations of fetching A$180 million for […]
Germany-based animal nutrition and industrial solutions business, Evonik, announced it has made an undisclosed investment in Hosen Capital Fund III as a means of expanding its venture capital activities in Asia. With Evonik’s product lines and services being tied into animal nutrition and global food production, the company notes that the tie-up with Fund III […]
The Investment Plan for Europe has made its first ag-related investment in Ireland, and its first forestry investment in Europe through two forestry-focused deals completed by the European Investment Bank (EIB) – one in the private sector and one in the public. The Private Sector The EIB announced it has partnered with the Ireland Strategic […]
Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF) has agreed to acquire a 50 percent stake in Adeptio Holdings from billionaire Mohamed Alabbar for an undisclosed sum. The deal comes on the heels of Adeptio acquiring a controlling stake in Gulf food giant, Americana from the Kharafi family of Kuwait for US$2.35 billion. […]
