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- Teelt Specialist Potplanten
- Sales Manager Bio / Netherlands
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- Assistant Professor - Controlled Environments Entomologist
- Technical Development Specialist | Horticulture | France
- Director of Business Development | Middle East | Agtech
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Top 5 -yesterday
- New report outlines and quantifies catastrophic loss from the tomato brown rugose fruit virus (ToBRFV)
- Taking lettuce production outside of California
- "We use robotics, machine imaging and AI to automate tomato harvesting"
- "Increasing demand for coconut substrate and sustainable cultivation systems with circular fertilizers"
- Indoor grower opens new facility in Kentucky
Top 5 -last week
- “Significantly better results with new Iron fertilizers”
- What is the status of tomato brown rugose fruit virus in Europe?
- Race to emission-free greenhouse cultivation pushes growers to keep innovating
- BASF’s vegetable seeds and IUNU partner to advance digital phenotyping for hydroponic lettuce
- Infarm to make strategy shift, cuts 500 jobs
Top 5 -last month
- UK growers stop planting and put nurseries on sale amidst energy crisis and labor shortage
- "You can't grow on water without lights"
- "High-tech farmer AppHarvest is running out of money"
- German family company switches from tomato cultivation to hydroponic lettuce
- Mobile aeroponic system requires less maintenance and guarantees even irrigation
Private equity funds put the focus on the Spanish agricultural sector
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
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