Idea Agro closes on €110m

The fund was launched with a €100m target and held a first close on €80m in 2018.

Advisory firm Ettore Fieramosca supported DeA in the fundraising.

The fund also announced its eighth deal: the investment in Agro Gold, a new company established to manage a kiwi production project near Latina. Idea Agro invested in the business alongside Agrintesa Cooperativa Agricola, which will control a 10% stake in the newco.

DeA recently closed its flagship private equity fund, Taste of Italy 2, on €330m. The vehicle invests in companies operating across the food and beverage sector that generate EBITDA in the €5-20m range. It deploys equity tickets of €20-40m.

Investors
Idea Agro has a wide base of LPs, primarily institutional investors. According to the firm, the fundraising benefited from DeA's network and track record in the private equity sector, as well as its expertise in the agri-food segment.

Investments
Idea Agro targets the Italian agriculture industry across its entire value chain, with a special focus on environmental and sustainability issues. The fund typically provides equity tickets of €5-10m.

The vehicle has already made eight deals, including an investment in Ingino, which specialises in producing frozen chestnut and fruit puree for ice cream and patisserie. It also acquired, alongside Cleon Capital, a majority stake in Italian frozen food producer Gias.

People
Idea Agro – Pier Felice Murtas (managing director).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Funds
• Buyout
• Southern Europe
• DeA Capital
• Italy