Home » Bahrain Investors »

|| Bahrain investors acquired stake in Spanish firm Agromillora

mideast-investor-spain.jpgBahrain investment firm Investcorp has acquired stake in Agromillora Group, a Spanish agriculture firm.

Founded in 1986 in Barcelona, Agromillora has 11 production facilities in nine countries, and employs over 1,200 employees worldwide. In 2016 the company plans to produce and sell more than 65 million plants worldwide. (The companies have not disclosed the deal details, but DubaiBeat sources are suggesting that Investcorp acquisition values Agromillora at around $275 million).

Investcorp is listed in the Middle East Investors Directory with the code OR30.

More details follows:

Investcorp, a global provider and manager of alternative investment products, today announces that it has completed the acquisition of a majority stake in Agromillora Group. The founders and management team of the Company will maintain a minority stake in the Company as part of the transaction.

Founded in 1986 in Barcelona, Agromillora is the leading global developer of high yielding plants and trees, with a key focus on permanent crops, including stone fruits, citrus, nuts, berries, olive trees and grape plants. In the 1990s and early 2000s the company pioneered the production and marketing of trees for high yielding olive orchards with the disruptive technology of high-density planting and has also been promoting similar agronomic improvements for almonds, citrus and other fruit trees. The company has since diversified providing nurseries and growers worldwide with a complete portfolio of high quality plants through tissue culture propagation laboratories located across five continents and developing proprietary rootstocks for high-density plantation models and products.

Agromillora’s growth in recent years has been driven by its consistent innovation and strong Research & Development capabilities as well as by international expansion in North and Latin America, Australia and the Middle East. Today, the company has 11 production facilities in nine countries, reaching a market of more than 300 nurseries and 1,500 growers in more than 25 different countries, and employs over 1,200 employees worldwide. In 2016 the company plans to produce and sell more than 65 million plants worldwide.

Commenting on the investment, Mohammed Al-Shroogi, Co-CEO at Investcorp, said: “Demand for Agromillora’s products and high-density plantation models is supported by favorable long-term trends driven by increasing population, GDP per capita and, ultimately, food consumption which in turn requires continuous improvements in agricultural land productivity. We believe that Agromillora’s diversified revenue mix across geographies and crops, combined with the company’s track record as an innovator in its industry, ideally positions it to continue its successful expansion into new markets. We look forward to working with Agromillora’s first-rate management team to help the company achieve its long-term growth ambitions.”

Fahad Murad, Managing Director at Investcorp in Bahrain, said, “Over the past 12 months, Investcorp’s European Corporate Investment team has acquired five new portfolio companies and exited nine, making it the most active period for the team since its inception. We believe that Agromillora is an excellent fit for the portfolio.” (c) company press release

Previous Post: Dubai investors of Enspire acquired stake in Swedish firm Plantagon
Next Post: Arab investors of AGC to invest $322 million in a luxury Greek resort

More from Bahrain Investors ...

  Bahrain Investcorp announces its first real estate investments in Europe for $45 million (August 2017)

  Bahrain investors acquired Nordic firm ABAX for $210 million (June 2017)

  Bahrain investors acquired stake in Spanish firm Agromillora (December 2016)

  Bahrain investment firm Mumtalakat acquired stake in UK firm Envirogen (August 2016)

  Bahrain investors acquired UK cybersecurity firm Nebulas (August 2016)

  Bahrain investors acquired European cyber security firm Coresec (July 2016)

  Bahrain private equity firm acquired Colorado real estate for $85 million (January 2016)

  Two Bahrain investment firms acquired a network of US schools for $405 million (March 2015)

  Bahrain investors acquired Spanish ceramic firm Fritta (February 2015)

  Bahrain private equity firm raised $100 million for investment across the world (November 2014)

|| About Us

Established in 2007, DubaiBeat.com provides insight, analysis and research on Middle East investors.

We cover different asset class investors like private equity, venture capital, hedge funds and real estate investors from the Middle East and broader MENA region.

|| Subscribe

Copyright 2007-2017 DubaiBeat.com    Sitemap  |  Terms  |  Privacy Policy

Follow us: RSS Feed   Facebook    Twitter