Monthly Archives: May 2017

Netel acquires 100% of the shares in Nett-Tjenester AS

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Netel have made an agreement with the shareholders of Nett-Tjenester AS in Norway for acquiring all shares in the company.

Nett-Tjenester is a company delivering engineering services to the electro and power market focusing on reginal and distribution networks up to 72,5Kv.

Nett-Tjenester has it’s headquarter in Fredrikstad, south-east of Oslo with 70 employees and a large network of subcontractors. The revenue was MNOK 131 in 2016 with a profitability supporting Netels goals.

Nett-Tjenester has the competence and the resources to handle large and complex projects and the company is recognised for its quality, competence and performance.

For more information, see www.nett-tjenester.net

CEO in Netel Group, Erik Salling, states: “For Netel the acquisition of Nett-Tjenester implies that we are establishing Netel in the electro segment in Norway and strengthen our existing position in this market in the Nordic region. Netel has already a leading position within the telecom market in the Nordic region. We are very impressed of the results, competence and motivation within Nett-Tjenester and we are very pleased to welcome all new colleagues into the Netel family”

About Netel
Netel builds and maintains infrastructure for telecommunication and electro. We are offering complete solutions including Project management, logistics, planning, permits, construction, installation, service and maintenance. Netel has 450 employees in Sweden, Norway and Finland and a total turnover of BSEK 1,9 in 2016. IK Investment Partners is majority shareholder in Netel.

For more information:
Erik Salling, CEO Netel Group AB, tel +4673375000, erik.salling@netel.se
Erling Nilsen, CEO Netel AS, tel +4797978510, erling.nilsen@netel.no

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Latour acquires VIMEC S.R.L., a leading Italian manufacturer of platform lifts and stairlifts

Investment AB Latour has, through its business area Latour Industries, signed an agreement to acquire VIMEC S.R.L., a leading Italian manufacturer of platform lifts and stair lifts. Sellers are IGI Private Equity and Finint who together bought 100 per cent of the company in 2015. The acquisition of VIMEC is a natural next step for Latour Industries after the acquisition of Aritco during the second quarter 2016.

VIMEC’s headquarters and manufacturing are based in Luzzara, Italy. The products are sold through partners and distributors primarily in southern Europe. The group has 166 employees and the net sales in 2016 were EUR 44 m, with good operating margin.

“I am very pleased to welcome Latour as our new owners. They are a long-term industrial owner that can support VIMEC’s growth plan in both new products and new geographies. In addition, it is very beneficial for the company to be in the same group as Aritco. We see great joint opportunities on the global market for platform lifts and stair lifts”, says Guiseppe Lupo, CEO of VIMEC S.R.L.

“VIMEC is a high-performing company with a strong product portfolio of solutions that improve accessibility both in private homes and in public environments. VIMEC strongly complement our existing holding Aritco by adding significantly strengthened presence in key markets in Europe. In addition, VIMEC adds both new technologies and products to the product portfolio. We see a long-term growing need for product solutions for better accessibility. Our long-term goal is to build a new business unit within the Accessibility segment. This objective will most likely require more acquisitions in this area”, says Bjorn Lenander, CEO of Latour Industries.

“We are extremely pleased with this transaction which sees the transfer of a leading Italian company to an international industrial owner which will continue the path of development and growth, alongside the management of Vimec led by Giuseppe Lupo, whom we thank for the excellent work done together,” says Angelo Mastrandrea, Partner of IGI and the manager in charge of the operation. Matteo Cirla, Managing Director of IGI, further adds, “The sale of Vimec shows the robustness of IGI’s investment strategy which focuses on industrial firms representing excellence in Italian manufacturing.”

Impact on the Latour Group
The acquisition will from the very beginning have a positive impact on the Latour Group’s earnings per share. The acquisition will increase the net debt in the Latour Group with about EUR 45 m.

Göteborg, May 18, 2017

Investment AB Latour (publ)
Jan Svensson, CEO

For further information please contact:
Björn Lenander, CEO Latour Industries AB, +46 70 819 47 36
Mikael Johnsson, Director of Business Development, Investment AB Latour, +46 733 233 606

Investment AB Latour is a mixed investment company consisting primarily of wholly-owned industrial operations and an investment portfolio of listed holdings in which Latour is the principal owner or one of the principal owners. The investment portfolio consists of nine substantial holdings with a market value of about SEK 47 billion. The wholly-owned industrial operations generated a turnover of approximately SEK 8 billion in 2016.

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Pharmalink announces the appointment of a new CEO

Industrifonden’s portfolio company Pharmalink, a specialty pharmaceutical company, announces the appointment of Renee Aguiar-Lucander as Chief Executive Officer.

Pharmalink has appointed Ms Aguiar-Lucander to lead the Company’s expansion and strategic development, following the clinical success to date of Nefecon®: a Phase 3 ready compound with orphan designation. Ms Aguiar-Lucander will, in conjunction with the Pharmalink team, pursue a range of initiatives, including raising private or public capital for the Phase 3 trial, expanding the Company’s development platform, in-licensing of additional compounds as well as partnering. Pharmalink’s current CEO, Dr Johan Häggblad, will take on the role of COO and will continue to lead clinical and product development.

Prior to joining Pharmalink Ms. Aguiar-Lucander was Partner and COO of Omega Fund Management, an international healthcare fund based in Boston. She was previously a Partner at the venture group of 3i Group plc, where she managed the European and US legacy healthcare and technology portfolios, and had responsibility for the group’s public holdings.

Prior to this Ms. Aguiar-Lucander was European Group Head and Managing Director at a US based global investment bank. She has more than 12 years of corporate finance experience, including merger and acquisitions, corporate restructurings and raising private and public capital for growth companies in Europe and the US. She has held senior management positions in a technology growth company and has significant corporate board experience in both private and public companies. Ms Aguiar-Lucander holds a BA in Finance from Stockholm School of Economics and a MBA from INSEAD.

Lennart Hansson of Industrifonden, Pharmalink’s lead investor representative, said: “We are delighted with the appointment of Renee as CEO at Pharmalink. Her appointment comes at a key time for the Company, now that it has completed its highly successful NEFIGAN Phase 2b clinical trial with Nefecon® in patients with IgA nephropathy at risk of end stage renal disease. This is an exciting time for Pharmalink, as it prepares for the start of its Phase 3 study with Nefecon®.”

“I am excited to take up the CEO position at Pharmalink and join a team which has achieved truly exciting clinical results in the NEFIGAN trial. The company is well positioned to see accelerated growth and expansion through work with clinicians, KOLs and regulators to bring products to the market which address unmet medical needs, and make a true difference to patients and their families.” said Renee Aguiar-Lucander.

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Almi Invest exits from Dapresy and sells its share to Verdane Capital


Almi Invest exits from Dapresy and sells its share to Verdane Capital
Press Release • May 17, 2017 16:00 CEST
SaaS company Dapresy has developed its own analytical tool for market research where the results are presented in the form of infographic.

Almi Invest will exit from Dapresy and sells its share to the Nordic Private Equity Fund Verdane Capital IX. Norrköpingsbolaget Dapresy is a global supplier of a software platform for information visualization of market research data. The company has customers around the world and a significant proportion of the world’s larger companies use Dapresy. In connection with Almi Invest’s divestment, Verdane enters into the new main owner and investor in Dapresy.

Dapresy was founded in 2003 and is a spin-off company from Hermelin Research. In 2010, Dapresy Pro launched on a global market with customers in more than 25 countries. Customers are found in all segments with a focus on larger information-intensive companies that need to communicate market research data to larger organizations. Dapresy has transformed a mature market by allowing modern-time collaborators at all levels of a company to review market research data, tailored individually to the needs of the individual employee, with the aim of supporting more and better business decisions.

-Almi Invest entered the first external investor in 2011. Dapresy has grown steadily and had an annual revenue increase of about 30%. The success of the company is that the team has combined technical excellence with a strong commercial drive on the market side, which made them succeed in gaining global players as loyal customers. With an exit of 5 times invested capital, it enables multiple investments in promising tech startups and contributes to long-term investment activities, says Björn Persson Fund Manager Almi Invest

In 2016, Dapresy had sales of more than 50 million and now has 60 employees. In addition to the head office in Norrköping, Dapresy is represented with local offices in the United States, Great Britain, Canada, Germany and Bosnia. Through partner, the company is represented in Australia and New Zealand.

-Almi Invest and Almi Corporate Partners have been crucial to taking Dapresy where we are today. With Almi Invest as investor and Björn Persson as board member of Dapresy, the company has been able to accelerate growth, expand internationally and create a basic structure for profitable sustained growth. With Verdane as a new strong investor, we are aiming for continued strong growth in Sweden and in our international core markets, “said Torbjörn Andersson, CEO of Dapresy

Contact:

Torbjörn Andersson, CEO, Dapresy, tel: +46 (0) 709 29 94 13, torbjorn.andersson@dapresy.com

Björn Persson, Fund Manager, Almi Invest, tel: + 46 070-2074125, bjorn.persson@almiinvest.se

Maria Kessling, Head of Communications, Almi Invest, tel +46 76-880 88 10 maria.kessling@almiinvest.se

About Almi Invest

Almi Invest is Sweden’s most active investor in startups. We make investments throughout the country through 8 regional venture capital companies and a national venture capital company in GreenTech. Almi Invest manages approximately SEK 3 billion and has since invested approximately 600 startups. Our best holdings have been acquired by Google, Microsoft, Qlik and Apple, for example, or listed on different stock exchanges. Almi Invest is a venture capital company within the Almi Group.

About Dapresy

Dapresy provides a highly visual data reporting software for market research and customer experience management. Market research agency and enterprise professionals in more than 25 countries are using Dapresy Pro to deploy visually engaging dashboards to clearly communicate complex data from markets, users and customers. The company’s unique dynamic dashboards are individually tailored, deploying the right data to the right people at the right time. For marketers looking to move beyond PowerPoint and Excel, Dapresy is the faster and far more effective way to easily present market research and customer experience information from multiple sources in a way that improves decision making. Founded in 2003, Dapresy has a headquarters in Sweden with a North American headquarters in Portsmouth, NH. The firm has several other client services offices around the globe. www.dapresy.com

About Verdane

Verdane funds help ambitious companies in software, e-commerce, energy and high technology industry with flexible capital for growth. The funds can invest either in individual companies or in several at the same time, so-called portfolio transactions. The latest fund, Verdane Capital IX, has 3 billion kronor to invest in fast-growing companies. Verdane Capital Advisors has 25 employees in offices in Stockholm, Oslo and Helsinki. For more information: www.verdanecapital.com.

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Verdane IX invests in Dapresy to further develop its information visualisation and reporting software

Dapresy, a global provider of visual data reporting software, today announced that it has received the support of a new investor, Verdane Capital IX, a Nordic private equity fund.

Dapresy a global provider of visual data reporting software, today announced that it has received the support of a new investor, Verdane Capital IX, a Nordic private equity fund.

Funding from the new investment will be directed primarily towards development and support activities for its innovative and time-tested Dapresy Pro software, which enables users to create and deploy online dashboard reporting solutions for market research and customer experience management.

According to Dapresy CEO Tobi Andersson, “We are excited to partner with Verdane. This is a period of great success, as we’ve averaged more than 30 percent growth for the past four years and have recently introduced Dapresy Pro Version 10. Verdane’s investment will allow us to take Dapresy to the next level of realizing our vision of a true do-it-yourself-platform. This will help our customers make better business decisions by easily finding the story that lives within their data.”

“We are very excited to have Dapresy in our portfolio,” said Pal Malmros, partner at Verdane. “Enormous amounts of market research and customer feedback data is being collected by businesses and agencies today, but this data becomes really valuable only when it can be translated into action. This is why we believe so much in Dapresy’s products. The Dapresy team has built an innovative product and a very impressive customer roster. We look forward to working with the team and supporting their expansion.”

Verdane invested through a combination of primary funding and an acquisition of shares from Swedish Almi Invest, which had been an investor in Dapresy since 2011.

About Verdane

Verdane funds support companies that have high ambitions in software, consumer internet, energy and high-tech industries with flexible growth capital. Verdane funds have €900m under management and have invested in over 300 companies over the past 14 years. Verdane Capital Advisors has 25 employees working out of offices in Oslo, Stockholm, and Helsinki. More information can be found at: www.verdanecapital.com.

About Dapresy

Dapresy provides a highly visual data reporting software for market research and customer experience management. Market research agency and enterprise professionals in more than 25 countries are using Dapresy Pro to deploy visually engaging dashboards to clearly communicate complex data from markets, users and customers. The company’s unique dynamic dashboards are individually tailored, deploying the right data to the right people at the right time. For marketers looking to move beyond PowerPoint and Excel, Dapresy is the faster and far more effective way to easily present market research and customer experience information from multiple sources in a manner that improves decision making. Founded in 2003, Dapresy has a headquarters in Sweden with a North American headquarters in Portsmouth, NH. The firm has several other client services offices around the globe.

www.dapresy.com

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Altamir to invest via the Apax France IX fund in CIPRÉS Assurances, a leader in supplemental insurance protection for the self-employed and SMEs

altamar-logo

Paris, 17 May 2017 – Apax Partners MidMarket announced today that it has entered into exclusive negotiations with TA Associates for the Apax funds to become the new principal shareholder of CIPRÉS Assurances, a key player in France in the area of supplemental insurance protection for small- and medium-size companies and self-employed persons.

Founded in 2000, CIPRÉS Assurances is a wholesale broker for life, disability and health insurance, which designs, underwrites and manages health and social security insurance programs for self-employed workers, managers and employees of SMEs. CIPRÉS offers a full range of products and services to secure their incomes, preserve their estates, protect their health and provide protection against accidents and loss of life. The company has a distribution network of more than 4,000 independent brokers throughout France. It collected premiums of €207million in 2016.

The transaction is expected to be completed in July 2017. It will result in the exit of TA Associates, the principal shareholder since September 2014, and will allow the management team to increase its stake in the company. The Chairman of the Executive Board Laurent Ouazana, the Managing Director Sylvie Langlois and their team aim to continue to grow the business.

With the support of Apax Partners, an expert in the financial services sector, they intend to accelerate the growth of the company through organic growth and acquisitions, while capitalising on long-term relationships that the company has established with French insurers, as well as those that exist between French entrepreneurs and its partner brokers.

The management team and Apax Partners share the ambition to make CIPRÉS Assurances the leading insurance firm for French entrepreneurs.

* * * * * * * * * * * * * * *

Forthcoming events

5 September 2017 (post-trading) NAV as of 30 June 2017 and first-half results

8 November 2017 (post-trading) NAV as of 30 September 2017

About Altamir

Altamir is a listed private equity company (Euronext Paris-B, ticker: LTA) founded in 1995 and with almost €800m in assets under management. Its objective is to provide shareholders with long term capital appreciation and regular dividends by investing in a diversified portfolio of private equity investments.

Altamir’s investment policy is to invest via and with the funds managed or advised by Apax Partners France and Apax Partners LLP, two leading private equity firms that take majority or lead positions in buyouts and growth capital transactions and seek ambitious value creation objectives.

In this way, Altamir provides access to a diversified portfolio of fast-growing companies across Apax’s sectors of specialisation (TMT, Retail & Consumer, Healthcare, Business & Financial Services) and in complementary market segments (mid-sized companies in French-speaking European countries and larger companies across Europe, North America and key emerging markets).

Altamir derives certain tax benefits from its status as an SCR (“Société de Capital Risque”). As such, Altamir is exempt from corporate tax and the company’s investors may benefit from tax exemptions, subject to specific holding-period and dividend-reinvestment conditions.

For more information: www.altamir.fr

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Accent Equity divests Akademibokhandeln to Volati

VolatiAB (publ) has signed an agreement to acquire the shares in Akademibokhandeln Holding AB(publ)
from Accent Equity 2012 (71.7%), J.P. Killberg handelsaktiebolag (11.1%), Stiftelsen Bokförlaget Natur &Kultur (11.1%) and Krasse & Co AB (1.0%). Akademibokhandeln’s management will remain as shareholders alongside Volati.
Akademibokhandeln is the market leading book retailer in Sweden with a market share of about 35% of
consumer book retailing and has a strong offering for all product and delivery formats. With 108 stores
nationwide, 80 under its own management and 28 run as franchises, together with online sales under the
Akademibokhandeln and Bokus brands, the company operates modern and profitablesales channels
focused on consumers, companies and public sector operations. Akademibokhandeln has a growing
customer club that currently comprises more than 1.3 million members.
For 2016, the AkademibokhandelnGroup’s net sales amounted to SEK 1.8 billion and EBITDA to SEK 125 million.
“In our time as owner, the management has strengthened Akademibokhandeln’s offering, position and
profitability in a highly professional manner,” says Martin Tisell, Chairman at Akademi bokhandeln and
Partner at Accent Equity Partners AB, investment advisor to Accent Equity 2012.
“
We view Volati as a competent industrial group that will be a good, long-term ownerfor the company.”
“We have built a business that now has an extremely strong offering in all the channels through which our
customers want to purchase books and related products,”comments Maria Hamrefors, Akademibok-
handeln’s CEO.“
We look forward to being part of the Volati Group and having Volati as a long-term owner that I believe can contribute knowhow and support in developing operations moving forward.”
Volati was founded in 2003, and today comprises some 40 operating companies divided into 12 business
units organized in three business areas: Trading, Consumer and Industry. Volati has operations in 16
countries, with a total of around 1,200 employees and annual sales of approximately SEK 3 billion.
“We are extremely pleased and proud to be able to acquire Akademibokhandeln,” says Mårten Andersson,Volati’s CEO.
“
The book retailer is a well-run and profitable group with strong cash flows and an extremely well-established market position. Together with management, we will nurture these customer relations by continuing to develop the company’s offering through all channels.”
Completion is planned for July 2017. The change of ownership will not mean any
changes for the around 500 employees or the franchisees who operate 28 of the stores.
The acquisition is conditional on approvalfrom the SwedishCompetition Authority.
For further information, please contact:
Martin Tisell, Chairman of Akademibokhandeln Holding AB (publ),
+46 70 877 65 20, martin.tisell@accentequity.se.
Maria Hamrefors, CEO Akademibokhandeln Holding AB (publ), +46 70-601 92 05, maria.hamrefors@akademibokhandeln.se
Mårten Andersson, CEO of Volati AB, +4672735 42 84,marten.andersson@volati.se

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3i to invest €120m in Lampenwelt to support international expansion

3I

3i Group plc (“3i”) today announces that it has agreed to invest €120m in Lampenwelt, the largest European online specialist in the lighting space. 3i will invest alongside management and one of the current owners of the business, Walter Neumüller. In addition, 3i will provide a short term refinancing loan to Lampenwelt of €54 million which is expected to be refinanced shortly after completion.

Founded in 2004 by Thomas Rebmann and his brother Andreas Rebmann, Lampenwelt is the #1 specialty online retailer of lighting products in Europe. The company is headquartered in Schlitz near Frankfurt am Main, Germany. From there, it distributes own-brand and 3rd party products to customers in 12 countries across Europe. Following the transaction, the company will retain its global headquarters in Schlitz and will continue with its plans to open a new warehouse in Schlitz in the coming months.

Lampenwelt differentiates itself from its competitors through an extensive range of over 45,000 products, in-depth product knowledge, excellent customer service and high product availability. The company generated €61m of sales in 2016, of which 45% came from outside Germany, and has grown strongly in Germany and through a steady roll-out across Europe in recent years.

3i has been following Lampenwelt’s successful growth for several years and during 2016 approached the company to discuss a potential investment in the business. 3i was therefore able to undertake its diligence outside of a formal sale process, with full access to the business and senior management. Lampenwelt’s growth plans fit well with 3i’s strategy of supporting mid-sized companies to grow internationally.

Peter Wirtz, Managing Director, 3i Germany, commented:
“We are investing in a successful company with strong growth potential. We believe there are significant opportunities for Lampenwelt to further expand internationally and build on its best-in-class digital and online marketing capabilities. We are looking forward to working with the excellent management team to realise these ambitions.”

Thomas Rebmann, CEO of Lampenwelt, added:
“We are delighted to be partnering with 3i for the next stage in our growth story. 3i has extensive experience in the consumer sector and an impressive network which will help us enlarge our footprint in Europe.”

Walter Neumüller, current co-owner of Lampenwelt, commented:
“As the owners of Lampenwelt, we originally had an investment horizon beyond 2020. However, after its direct approach, 3i convinced us that as an experienced investor they would be able to strongly support Lampenwelt in its ongoing internationalisation efforts. There is a strong cultural fit between Lampenwelt and 3i and I am glad to be able to guarantee continuity both as a co-shareholder and as a member of the Lampenwelt Board also going forward.”

Jochen Wilms, a seasoned expert in both the building supply and online industries with prior experience at Bertelsmann, Schüco and Grohe, will join the board as Executive Chairman and co-invest alongside 3i and management. Thomas and Andreas Rebmann will continue in their roles as CEO and COO respectively.

The transaction is subject to customary and anti-trust approvals.

-Ends-

For further information, contact:

3i Group plc
Silvia Santoro
Investor enquiries
Tel: +44 20 7975 3258
Email: silvia.santoro@3i.com

Kathryn van der Kroft
Media enquiries
Tel: +44 20 7975 3021
Email: kathryn.vanderkroft@3i.com

Notes to editors:

About Lampenwelt

Lampenwelt is the largest specialty online retailer of lighting products in Europe. Headquartered in Schlitz near Frankfurt am Main, the company generated €61m sales with around 240 employees in 2016. Lampenwelt is led by the brothers Thomas and Andreas Rebmann, who founded the company in 2004. Lampenwelt delivers over 45,000 own-brand and 3rd party products to customers in 12 countries across Europe.

About 3i Group

3i is an investment company with two complementary businesses, Private Equity and Infrastructure, specialising in core investment markets in Northern Europe and North America.

3i’s Private Equity team provides investment solutions for growing companies, backing entrepreneurs and management teams of mid-market companies with an EV typically between €100m – €500m. We back international growth plans, providing access to our network and expertise to accelerate the growth of companies across the consumer, industrials and business and technology services industries.

For further information, please visit: www.3i.com

Regulatory information
This transaction involved a recommendation of 3i Investments plc, advised by 3i Germany.

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Rabobank and Signicat enter Dutch identity market

Rabobank and Signicat are entering the Dutch identity market together by providing digital services to businesses, supporting them in servicing their clients.

Read the full story on signicat.com or read about it in Norwegian newspaper Adressa.

This joint Digital Identity Service Provider (DISP) offers a range of online login, identity, signature and archiving solutions under the banner of Rabo eBusiness. It provides optimal convenience for a range of businesses, including insurance, energy and leasing companies as well as other financial services providers. It simplifies and improves the digital transformation they are under pressure to achieve.

Rabo eBusiness helps businesses to shape their online services in an easier, more reliable and efficient way to achieve higher online conversion. Consumers can log onto the merchant’s website using one of the identity services provided by Rabo eBusiness and can then, for example, sign a contract online. The platform is easy to integrate into the existing business processes using API technology.

Rabobank will initially focus on five customer groups: energy, telecom and insurance companies, healthcare institutions and financial services providers. Rabo eBusiness services will make it easy for them to enable functions such as onboarding new customers, signing contracts digitally and offering a dashboard for invoices or expense claims.
The market for DISPs opened on 1st April 2017 within the framework of iDIN.

Alexander Zwart, responsible for Online Channels & Access at Rabobank, explains that Rabobank already has a good starting position, having: ‘Advisory skills, a large market share in the business market, operational services and a mature salesforce. In order to be able to offer technology and a high-quality and safe range of products, we have opted not to develop it ourselves, but instead to collaborate with a well-established strategic player. Signicat has a proven Digital Identity Service platform that is considered leading in the Nordics, a mature digital identity market.’

Signicat in turn wants to expand its presence in the Dutch market. Gunnar Nordseth, Chief Executive Officer of Signicat: ‘We have been operating for some time as an identity service provider in the Nordics and are currently expanding into other parts of Europe. The Netherlands is a strategically important market for us and a European hub that has great potential for digital identity, signature and archiving services. Collaborating with an innovative bank such as Rabobank gives us the opportunity to fulfil our ambition.’

The platform has been designed to grow in tandem with market demands and can consequently be expanded to include additional services. This lays the foundation for achieving Rabobank’s strategic ambition to help its customers with the digitisation of their services.

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Rabobank Launches Venture Capital Fund for Innovative Food & Agriculture Companies

Today, Rabobank is announcing the launch of the Rabo Food & Agri Innovation Fund, part of Rabo Private Equity. The fund will invest in high-potential, early-stage food and agriculture companies in the United States and Western Europe. Through the fund, Rabobank aims to promote innovation in the food and agriculture sectors.

“The Rabobank Food & Agri Fund focuses on companies that are aligned to Rabobank’s Banking for Food strategy. This strategy focuses on contributing to food security in the context of a rapidly growing world population, changing demographics and consumption patterns and an increasingly complex food system,” says Lizette Sint, Global Head of Rabo Private Equity.

“We consider investments all along the food and agriculture value chain, with a particular focus on ambitious companies that operate in sectors in which we can optimally leverage Rabobank’s knowledge, expertise, network and position to help create shareholder value,” says Richard O’Gorman, who leads the investment initiative as part of Rabo Private Equity.

The fund’s investments will consist of more than just financial support. In addition to Rabobank’s role as a close investment partner, the selected companies will enjoy full access to Rabobank’s food and agriculture experts and networks with the goal of building long term value together.

The Rabo Food & Agri Innovation Fund is complementary to the other activities the bank supports in the food and agri space, including its indirect investments in strategic venture capital and private equity funds.

For more information about the Rabobank Food & Agri Innovation Fund, please visit www.rfaif.com.

About Rabobank

Rabobank Group is a global financial services leader providing wholesale and retail banking, leasing, and real estate services in more than 40 countries worldwide. Founded over a century ago, Rabobank today is one of the world’s largest banks with over $750 billion in assets. In the Americas, Rabobank is a premier bank to the food, agribusiness and beverage industry, providing sector expertise, strategic counsel and tailored financial solutions to clients across the entire food value chain. Additional information is available on our Rabobank North America Wholesale website or on our social media platforms, including Twitter and LinkedIn.

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