Aqua Capital says it established Biotrop in 2017, instead of entering the market via an acquisition, due to a lack of reasonably priced companies with market presence and proprietary technology.
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.
As the market begins to cool slightly, producers are increasingly trying to make themselves investor-ready – which presents an opportunity for buyers, too, say PwC's Kosta Kangelaris and Jaclyn Hope.
The acquisition follows a December deal with Restaurant Brands International to expand the Burger King and Popeyes brands across several countries in eastern Europe.