Food

Head of sustainable food private equity Rik Vyverman says Indonesia is a promising market that shows investors often underappreciate opportunities available in countries labelled as ‘emerging.’

The manager has set its sights on building out up to 150ha of strategically located greenhouses across Europe that will repurpose waste heat, energy and CO2.

The acquisition is the first step in the buildout of The Flavour Farm, a European indoor ag play that will incorporate renewable energy assets as a core growth strategy.

The acquisition will combine two of the world’s leading malt businesses and ends United Malt’s short life as an independent business after spinning out from GrainCorp in 2020.

Glencore’s merger with Bunge brings CPPIB and BCI into the evolving quartet at the heart of global ag trade, albeit in a less direct form than if it had succeeded in creating a true rival.

Paine Schwartz Partners, which previously invested in Costa from 2011-15 before listing it, has bid to acquire it again in a deal worth A$1.6bn.

The firm took commitments from LPs including Louis Dreyfus Company Ventures and Yara Growth Ventures.

Mayfair Equity Partners created the Snowfox Group in 2021, having grown it from a 2015 investment in British sushi brand YO!.

Principal Steven Loeffler says the firm will continue to be active in the M&A market and intends to 'go hard' across QualiTech’s markets of animal nutrition, agronomy and food ingredients.

The firm has acquired a 70ha property in the country and has made an offer on another 220ha asset as it builds out the new operation.