Investcorp completes acquisition of Agromillora Group

Investcorp, a global provider and manager of alternative investment products, has completed the acquisition of a majority stake in Agromillora Group. The founders and management team of the company will maintain a minority stake in the company as part of the transaction.
Founded in 1986 in Barcelona, Agromillora is a major global developer of high yielding plants and trees, with a key focus on permanent crops, including stone fruits, citrus, nuts, berries, olive trees and grape plants.
In the 1990s and early 2000s, the company pioneered the production and marketing of trees for high yielding olive orchards with the disruptive technology of high-density planting and has also been promoting similar agronomic improvements for almonds, citrus and other fruit trees.
The company has since diversified providing nurseries and growers worldwide with a complete portfolio of high quality plants through tissue culture propagation laboratories located across five continents and developing proprietary rootstocks for high-density plantation models and products.
Agromillora’s growth in recent years has been driven by its consistent innovation and strong R&D capabilities as well as by international expansion in North and South America, Australia and the Middle East.
Today, the company has 11 production facilities in nine countries, reaching a market of more than 300 nurseries and 1,500 growers in more than 25 different countries, and employs over 1,200 employees worldwide.
According to its 2016 plan, the company is to produce and sell more than 65 million plants worldwide.
Yasser Bajsair, managing director at Investcorp in the Kingdom, said: “Agromillora is a great fit for Investcorp’s European portfolio. Not only is it a market leader, but we believe that there is a real opportunity to grow the business into new markets. The company has a track record of innovating successfully and we are eager to work with the management team to help it realize its full potential.”