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Announced

Completed

Sandton completed the acquisition of Vindara.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

biotechnology company

Domestic

Friendly

agricultural services

Biotechnology

Acquisition

Majority

Private

Private Equity

Completed

Single Bidder

Synopsis

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Sandton, a private equity investment manager, completed the acquisition of Vindara, a company that develops seeds specifically designed for use in vertical indoor farm environments. Financial terms were not disclosed. "Vindara was founded on a vision to build a company that could change the vertical farming sector. Our seed development process is unprecedented because we can develop customized seeds for indoor growers faster than any other seed provider. Innovation is at the heart of our strategy to deliver tailor-made alternatives designed specifically for indoor use, without sacrificing quality, taste and nutrients. The business is well capitalized which supports our strategy to become a leader in the vertical farming space. This is an exciting period for Vindara and its future growth as we look to leverage on our unique offering and expand our position in the vertical farming sector," Jade Stinson, Vindara Co-Founder and CEO.

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