The Nordic private equity firm has made its first investment in the seafood sector through its maiden fund with the acquisition of a 75% stake in Milarex.
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The fund is being raised by TIAA-affiliate Westchester Group and will initially focus on investments in Poland.
Agro Merchants Group says the deal underscores the importance of Poland and Eastern Europe as key markets poised for expansion.
Agriculture is among the target sectors for Horizon Capital’s Emerging Europe Fund III, designed to support export industries in Ukraine and Moldova.
The World Bank affiliate will provide a $60m loan from its own account and help facilitate an additional $40m in financing to support Nibulon’s efforts to increase its trading volume.
The commitment to the food start-up fund marks the third investment made by Danone’s newly-established venture capital unit.
The development bank has approved a $180m loan that will help the country refurbish its aging and highly-inefficient irrigation network.
The $300m fund of funds will target returns of about 20% through investments with mid-market private equity funds in frontier and emerging markets, potentially including agriculture-focused funds.
The $44bn deal could close next month following ChemChina’s recent announcement that the public tender offer for Syngenta shares will end May 4.
The World Bank’s financing arm will provide a $37m loan for the construction of a new grain terminal at the Black Sea port of Yuzhny, a project whose partners include EBRD, MV Cargo and Cargill.