EW Group to acquire Planasa from Cinven and Label Investments.

Transaction Tags

• Acquisition
• Majority
• Private Equity
• Cross Border
• Private
• Spain
• agricultural technology
• Machinery: Agricultural
• Pending
• Friendly
• Single Bidder

Synopsis

EW Group, a family-owned international group, with key businesses in genetics, health, diagnostics, nutrition and food, agreed to acquire Planasa, a company with global presence in the agri-food sector, from Cinven, a private equity investment firm, and Label Investments, a specialized agribusiness investment group. Financial terms were not disclosed. “Cinven has provided huge support to Planasa over the past five years. With Cinven’s guidance and investment, we have professionalised our operations, expanded our international footprint and innovated our product range to become a global leader in our market. We would like to thank the Cinven team for their strategic perspective and financial backing, our employees for their dedication and commitment to our mission, and our clients, suppliers and other partners for their continued collaboration and trust placed in us. We look forward to working closely with our new owners and are sure that this partnership will enable us to push Planasa`s breeding activities to an even higher level," Michael Brinkmann, Planasa CEO.

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