Ambienta completed the acquisition of Agronova Biotech from Magnum Industrial Partners.

Ambienta, a European private equity manager, completed the acquisition of Agronova Biotech, a Spanish company that develops, manufactures, and commercializes biological crop protection and nutrition products, from Magnum Industrial Partners, a private equity firm focused on the Iberian middle market. Financial terms were not disclosed. “This acquisition bears a double significance for Ambienta. On the one hand, we are entering a sector which we have analysed and studied for a long time where we see strong sustainability driven opportunities for growth. On the other, we are once again expanding our geographical reach this year by acquiring a highly visible and sought-after asset in Spain, leveraging our industry expertise and the capability of our team to transact in new geographies," Mauro Roversi, Ambienta Founding Partner & Chief Investment Officer.