Rabo Private Equity, the private equity arm of Netherlands-based Rabobank, has launched a new fund dedicated to early-stage food and agricultural companies.
Rabo will make seed and early-stage investments in western European countries where the bank is active, as well as in the US. The investor plans to make investments of between €500,000-3m in its target companies, with a maximum of €1.5m per funding round. Rabo typically operates as a minority investor.
In line with Rabobank's broader objectives, it aims to invest in firms that increase the availability of food, promote healthy nutrition and improve sustainability along supply chains. This ranges from agriculture to processing, distribution and retail.
Rabo plans to only make co-investments and will only purchase preferred shares. The size of the fund and its investors have not been disclosed.
Rabo Private Equity – Richard O’Gorman (director); Daan Meijners (associate).
Company will use the capital to expand in the North American, EU, and Asia-Pacific markets
Acquisition of IT service is subject to approval from the German competition authority
GP intends to bolster Bindi's growth both organically and via new acquisitions in Italy and abroad
Deal marks the seventh add-on acquisition since Triton bought AVS from Borromin Capital in 2013