Levine Leichtman has agreed to buy FlexXray, which uses X-ray imagery to help clients identify food safety incidents, amid a drastic jump in food recalls in the US.
The Detroit-based lower mid-market firm plans to combine Aquamar and LM Foods into a single platform focused on providing imitation crab meat to North American food service, food manufacturing and retail channels.
Former PSP Investments managing director Antoine Bisson-McLernon says establishing multiple partnerships with local operators is the key to scaling up in a very fragmented global agriculture market.
CIO Robert 'Vince' Smith talks about the performance of the $21.5bn endowment's real-return portfolio as it shifts its focus toward infrastructure and energy.
The PSP Investments portfolio company is facing criticism from environmental groups after an equipment failure at a Washington State facility containing 305,000 Atlantic salmon, resulted in many of the fish escaping into Pacific waters.
Bob Saul has joined the Montreal-headquartered firm led by PSP Investments alumni, which recently announced a C$200m close on its debut vehicle.
The proposed partnership with JD Chongqing Microcredit Company would support loans designed to encourage the use of data in agri lending and expand financial access for under-served communities.
The sector is being encouraged as part of efforts to make up for ‘shortages of resources’ at a time when Beijing cracks down on deals targeting the likes of real estate, hotels and entertainment.
Backed by the US firm’s $70m Brazil Renewables Fund, the $115m project is the first of ‘multiple plants’ Summit intends to build within the next two years.
Co-Alliance, which seeks to integrate indoor farming into traditional agriculture, had already bought two warehouses from the equipment maker last month.