Announcements

Job offersmore »



Tweeting Growers

Top 5 - yesterday

  • No news has been published yesterday.

Top 5 - last week

Top 5 - last month

Exchange ratesmore »




Private equity funds put the focus on the Spanish agricultural sector

The Spanish agricultural sector has aroused the appetite of venture capital funds. Private equity funds have been involved in several takeover operations of some important companies in the last months, what some financial analysts see as the beginning of a trend which will increase.

F. García Ferrer, partner responsible for private equity funds of KPMG in Spain, explains this interest in the Spanish primary sector by “the existence of some local operators with high potential for product improvement, quality, innovation and, ultimately, the existence of added value for the final consumer, derived from their research and development capacity”.

García Ferrer points out the recent acquisition of the Spanish multinational Planasa by Cinven as a sign of the “clear commitment of private equity funds to an essential sector of the Spanish economy”. The purchase was made for €450 million. The Navarra-based horticultural company’s turnover is €109 million and has 2000 employees.

Also last October, the ADM Capital Partners fund closed the purchase of Innolive, one of the largest European producers of extra virgin olive oil in an operation valued at €130 million.

In November 2016, the ProA Capital fund purchased Moyca, leader in the production of seedless table grapes. At the end of last year as well, Bridgepoint acquired Sapec Agro Business, specializing in herbicides and fertilizers.

The KPMG’s partner expects that the venture capital “will continue to show increasing interest in the Spanish agro sectors”. García Ferrer highlights the opportunities for equity funds as a “lever of growth” for the sector in Spain, as there is a clear “incentive for diversification, internationalization and innovation, key aspects to be considered for a company to grow”. “Digitalization, climate change or Brexit are challenges which venture capital can help to face”.

Sovereign wealth funds and large pension funds are also showing their interest in investments in agro food companies. “This is an investment megatrend”, G. Colominas explains, a financial analyst at the Panda Agriculture & Water Fund, the first agricultural equity fund created in the Spanish market.

Source: eleconomista.es / www.agroberichtenbuitenland.nl

Publication date: 12/15/2017

 


 

Other news in this sector:

6/22/2018 Switzerland: "We are independent, to guarantee our freedom"
6/21/2018 Mexico: Tomatoes surpass avocados and become second most exported product
6/21/2018 US: Hourly wages for hired farmworkers have grown steadily
6/20/2018 How sealed containers are broken open
6/20/2018 Global ambitions for Australian vegetable growers
6/20/2018 “Difficult Dutch tomato market, but there’s light at the end of the tunnel”
6/20/2018 US: Pricing and demand of Romaine lettuce are off
6/20/2018 US, Spain, and Mexico account for 40% of Peruvian pepper exports
6/20/2018 Spain: End of Canary tomato campaign with lower exports
6/20/2018 Annual growth in labour costs at 2.0% in euro area
6/20/2018 China: Shandong vegetable prices increase
6/20/2018 US (CA): Radicchio welcomes strong demand
6/19/2018 Canadian growers shake their heads at talk of boycotting US goods
6/18/2018 Africa: New programme to boost soil productivity, reduce soil degradation
6/15/2018 America's favourite vegetable is broccoli
6/15/2018 Modernisation creating good competition on the pepper market
6/15/2018 Guatemala: "Crops won't be harmed by the eruption of the volcano"
6/15/2018 Norwegian cucumbers are doing well
6/15/2018 US: Rain in Florida, labor shortage in California for tomato growers
6/14/2018 Demand for South Australian eggplant carrying on into winter