• Home
  •  
    Regions
    • Europe
    • UK & Ireland
    • DACH
    • Nordic
    • France
    • Southern Europe
    • Benelux
    • CEE
    • Asia
  •  
    Deals
    • Buyouts
    • Venture
    • Exits
    • Refinancings
    • Build-up
    • Turnaround
    • Secondaries
    • Advanced deal search
  •  
    Funds
    • Buyout
    • Venture
    • Mezzanine
    • Debt
    • Funds-of-funds
    • Secondaries
    • Fundraising pipelines
    • Advanced funds search
  •  
    GPs & LPs
    • GP profiles
    • LP profiles
    • GP news
    • LP news
    • Sponsors search
    • LPs search
  •  
    Secondaries
    • Deals
    • Funds
    • News
    • Analysis
  •  
    People
    • People moves
    • Analysis
    • In Profile
    • Q&A
    • Videos
    • Comment
  •  
    Analysis
    • In Profile
    • Fundraising
    • Q&A
    • Comment
    • Videos
    • Podcast
    • Reports
    • Data Snapshots
  •  
    Unquote Data
    • Deals search
    • Exits search
    • Funds search
    • Sponsors search
    • Advisers search
    • LPs search
    • League tables
    • Reports
  • Sign in
  • Sign in
    • You are currently accessing unquote.com via your Enterprise account.

      If you already have an account please use the link below to sign in.

      If you have any problems with your access or would like to request an individual access account please contact our customer service team.

      Phone: +44 (0)203 741 1137

      Email: Georgina.Lawson@acuris.com

      • Sign in
     
      • Newsletters
      • Account details
      • Contact support
      • Sign out
     
  • Follow us
    • Twitter
    • LinkedIn
  • Free Trial
  • Subscribe
Unquote
Unquote
  • Home
  • Regions
  • Deals
  • Funds
  • GPs & LPs
  • Secondaries
  • People
  • Analysis
  • Unquote Data
      • Deals search
      • Exits search
      • Funds search
      • Sponsors search
      • Advisers search
      • LPs search
      • League tables
      • Reports
  • You are currently accessing unquote.com via your Enterprise account.

    If you already have an account please use the link below to sign in.

    If you have any problems with your access or would like to request an individual access account please contact our customer service team.

    Phone: +44 (0)203 741 1137

    Email: Georgina.Lawson@acuris.com

    • Sign in
 
    • Newsletters
    • Account details
    • Contact support
    • Sign out
 
UNQUOTE
  • Southern Europe

Paine buys Quadrivio's Suba Seeds in €80m SBO

  • José Rojo
  • José Rojo
  • 03 November 2015
  • Tweet  
  • Facebook  
  • LinkedIn  
  • Google plus  
  • Send to  

US agri-food investor Paine & Partners has used its fourth fund to acquire a controlling stake in Italian vegetable and legume seed producer Suba Seeds, allowing Italian GP Quadrivio to exit the company.

With operations in Italy, France and the US, Suba Seeds intends to push growth in the speciality vegetable seed segment as it enters new markets and expands via bolt-ons. The changes to its shareholder base follow the opening of a new production site near its Longiano headquarters.

Paine is a US-headquartered investor focusing exclusively on agriculture assets. Speaking to unquote" in August, the GP highlighted the mounting private equity appetite for the sector as dietary changes within a rising middle class drive up food demand worldwide.

According to unquote" sources, Suba Seeds is the second portfolio company to be held by the firm's fourth fund, which closed on $893m in January 2015. The fund's maiden investment went to eastern European farming group Spearhead International, scooped up with the support of a €30m package from Mezzanine Management in July 2015.

The SBO comes almost three years after Quadrivio acquired a majority stake in Suba Seeds, a primary buyout financed via the GP's Quadrivio Q2 fund. Having closed on €100m in November 2010, the vehicle typically deploys €5-15m per deal; Suba Seeds represents its fifth exit to date, unquote" understands.

Company
Founded in 1974, Suba Seeds produces vegetable and legume seeds, and distributes them among a 1,000-strong client base including corporates and garden markets, both professional and amateur.

Its portfolio features coriander, beans, peas, radishes, cabbages and carrots, among others. With headquarters in Longiano, where its main production facilities are located, the company operates in partnership with the Sipas Packaging, Hortus and Royal Seeds brands. 

People
Paine was represented by its president and founding partner Kevin Schwarz. Marcello Tumedei is currently CEO at Suba Seeds.

  • Tweet  
  • Facebook  
  • LinkedIn  
  • Google plus  
  • Send to  
  • Topics
  • Southern Europe
  • Buyouts
  • Exits
  • Consumer
  • Italy
  • Paine & Partners
  • Quadrivio
  • Secondary buyout

More on Southern Europe

PE purchases stall in Italy as buyers lose faith – PE Forum Italy
PE purchases stall in Italy as buyers lose faith – PE Forum Italy

PE players are hoping that valuation expectations will align in 2H 2023, easing dealmaking backlog

  • Southern Europe
  • 12 July 2023
Fondo Agroalimentare Italiano invests in Urbis Food
Fondo Agroalimentare Italiano invests in Urbis Food

Deal marks the fund’s full deployment with more than EUR 50m invested across nine transactions

  • Southern Europe
  • 13 June 2023
Intesa Sanpaolo investment banking head exits for BNP Paribas
Intesa Sanpaolo investment banking head exits for BNP Paribas

Marco Lattuada previously oversaw activities including M&A and debt capital markets at the Italian firm

  • Southern Europe
  • 15 December 2022
William Blair launches Madrid office, adds investment banking practice in Zurich
William Blair launches Madrid office, adds investment banking practice in Zurich

Álvaro Hernández to lead new Spanish branch; healthcare will be first focus of Swiss expansion

  • Southern Europe
  • 12 December 2022

Latest News

Partners Group to release IMs for Civica sale in mid-September
  • Exits
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme

Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017

  • 04 September 2023
BHM Group builds on PE strategy, eyes European medtech and renewable energy acquisitions
  • Investments
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme

Czech Republic-headquartered family office is targeting DACH and CEE region deals

  • 01 September 2023
Redalpine expands leadership team amid CHF 1bn-plus fundraise
  • Venture
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme

Ex-Rocket Internet leader Bettina Curtze joins Swiss VC firm as partner and CFO

  • 31 August 2023
Change Ventures aims to hold final close for EUR 20m third fund by mid-2024
  • Funds
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme

Estonia-registered VC could bolster LP base with fresh capital from funds-of-funds or pension funds

  • 31 August 2023
Back to Top
  • About Unquote
  • Advertise
  • Contacts
  • About Acuris
  • Terms of Use
  • Privacy Policy
  • Group Disclaimer
  • Twitter
  • LinkedIn

© Merger Market

© Mergermarket Limited, 10 Queen Street Place, London EC4R 1BE - Company registration number 03879547

Digital publisher of the year 2010 & 2013

Digital publisher of the year 2010 & 2013