Matthieu Favas
In his last Weekly Letter as editor of Agri Investor, Matthieu Favas argues that agriculture today is changing at a much faster pace than many observers often think.
Hectare Agritech chief executive Doug Bairner says the company’s online marketplace is now used by 25% of UK farms and will launch in at least one European country next year.
Pivot Bio chief executive Karsten Temme says the nitrogen-producing microbe business, which just closed a $70m Series B, could help upend a market worth about $200bn.
The manager, which hit a first close on the €50m vehicle in March, will have deployed 10% of capital gathered once the transactions complete.
Stafford’s successful takeover of a $259m timber fund suggests most investors value a guaranteed exit today more than higher promised gains tomorrow.
The secondaries firm expects to receive more acceptances of its hostile bid for the $259m timber vehicle after a majority of shareholders approved it last week.
The secondaries firm is aiming to convince more than half of the timber fund’s shareholders by Saturday – a task likely made easier by the withdrawal of a rival bid last week.
Partner Sofiane Lahmar says the Africa-focused PE firm, which has nearly fully deployed its $725m Fund II, will look to increase its exposure to agriculture.
An alumnus from Macquarie’s Pastoral Fund has also joined the secondaries specialist just a year after the firm made its first investment in agriculture.
Ag investors talk up Latin America’s potential, but the diablo is in the details. Here’s a strategy that seems to nail the main bits.