KinnAgri changes name to Terravost after management buyout

The management and founding shareholders of investment advisory firm KinnAgri have completed the buyout of majority shareholder Investment AB Kinnevik.

At the same time as the buyout, the management changed the name of the business to Terravost.

Swedish investment company AB Kinnevik established an agriculture department in 2010 headed up by Richard Warburton. Around the same time, Warburton established KinnAgri as a subsidiary of AB Kinnevik alongside co-founders David Cousins and Carl Atkin who are chief operating officer and head of research and consultancy respectively. Warburton was head of agriculture at AB Kinnevik between 2010 and 2011.

Terravost is an international agribusiness management and consultancy business with particular strengths in Central and Eastern European (CEE). It manages over 300,000 hectares of farmland across Russia, Ukraine, Romania, Poland, Hungary, France and the UK and has a consultancy business for investors and agribusinesses in the Middle East, Africa and Latin America.

It does consulting and advisory work for Black Earth Farming, the Stockholm-listed Russian grains and oilseeds producer.

In 2014, the firm was considering launching a fund to invest into the CEE region for institutional investors not wanting to invest directly.