Private Equity

The former head of seafood consulting at PwC Norway has been hired to lead AMERRA-linked company’s efforts to expand the provision of non-dairy animal proteins.

The firm will pick up PENM Partners’ $100m stake in Masan Group and invest an additional $150m in the company’s meat platform, according to sister publication Private Equity International.

The acquisition helps Premium Brands break into markets in Eastern Canada, the region Interprovincial Meats caters to.

The board of the $14.8bn pension approved Townend’s recommendation to expand its real assets portfolio to include agricultural investments.

Headquartered in Malton, North Yorkshire, the firm employs about 3,100 people across the UK, with divisions in England, Scotland, Northern Ireland and Ireland.

The funds will help fund a new US headquarters, boost production at Inocucor's Montreal pilot production and R&D facility, and increase staff.

Local government ministries in the country are setting up a fund that will back start-ups focused on the biotechnology sector.

Andrew Freeman has joined H.I.G. Middle Market’s San Francisco office to make investments in the food and agribusiness sectors from the firm’s $1.75bn fund.

As of press time, 54 of 68 respondents, or 79 percent, said their agri investments would increase in 2017, while 10 said they anticipate a decrease and just four said they would remain the same.

The investment was made from 8 Miles’ first fund, Fund I A, which closed in August 2013 on roughly $200 million, sources confirmed to Agri Investor.