Bridgepoint, the international private equity investor, is to acquire the Agro Business interests of the listed conglomerate Sapec Group, in a transaction valuing the business at €456 million. The acquired entity, Sapec Agro Business is the Iberian market leader in off-patent crop protection products and also speciality crop nutrition.
CEO Eric van Innis, who will lead the business under its new majority shareholder, said: “With a new shareholder who shares our future ambitions, our aim is to accelerate the growth of our business by opening and creating new markets and launching further R&D-led developments. These are exciting times for Sapec Agro Business and its customers in what remains an attractive long-term growth market.”
The Jamieson team, led by José Basabe and David Kirkpatrick, advised the management team of Sapec Agro Business on the Management Incentive Plan to be implemented as part of the transaction.