EQT Future to Invest in SNFL and IFG
03.09.22
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Simpson Thacher is representing the EQT Future fund in connection with its announced significant minority investment in Special New Fruit Licensing Limited and acquisition of International Fruit Genetics, together with current SNFL shareholders, AM FRESH Group and Paine Schwartz Partners. Following the completion of these transactions, SNFL and IFG will become an integrated business in which EQT Future will hold a significant minority stake with AM FRESH Group being the controlling shareholder.
SNFL is a breeder and licensor of table grape vines that operates R&D centers in Spain and the U.S. with a focus on disease resistance, optimized farming practices, specialty flavors, high nutritional values and extended shelf life. IFG is a breeder and licensor of table grape vines and cherry tree varieties that uses natural breeding practices to provide growers with improved economics through reduction of resource usage and enhanced agricultural productivity.
EQT is a purpose-driven global investment organization with €73.4 billion in assets under management across 28 active funds. EQT funds have portfolio companies in Europe, Asia-Pacific and the Americas with total sales of approximately €29 billion and more than 175,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership.
The Simpson Thacher team included Michael T. Holick and Patrick Naughton (M&A); and Jonathan Goldstein (Tax).