PSP Investments Inks Take care of Citri&Co

Posted on 06/21/2022

Citri&Co is a vertically built-in recent fruit firm in Europe, distributing typical and natural citrus, melon and watermelon and stone fruit produced in Spain and Brazil. The group markets greater than 700,000 tonnes of fruit per 12 months to greater than 30 nations and greater than 200 clients. Miura Companions is a middle-market personal fairness agency in Spain primarily based in Barcelona with greater than €1 billion of property beneath administration. The agency is specialised in investing in mid-size family-owned & entrepreneurial companies, offering engaging development and innovation plans, and with a transparent give attention to sustainability. Citri&Co is a Miura Companions portfolio firm.

Citri&Co and the Public Sector Pension Funding Board (PSP Investments), certainly one of Canada’s largest pension funding managers, have fashioned a long-term strategic alliance to amass and handle agricultural land.

Below the phrases of the partnership, PSP Investments will purchase farmland, primarily comprised of citrus fields in Spain; whereas Citri&Co will function and handle the farmland, leveraging its a long time of expertise and technical experience. In step with its vertically built-in, “field-to-table” mannequin, Citri&Co will proceed the packing, distribution and sale of all produce grown on the properties. Each events, along with Miura Companions, will proceed to hunt alternatives for the acquisition, growth and administration of agricultural land, which is able to strengthen Citri&Co’s place as a year-round provider of recent fruit. PSP Investments is a world investor in agriculture and timber. With roughly C$16 billion of property beneath administration in its agriculture and timber portfolio globally, the group has developed numerous related alliances with like-minded companions in geographies world wide.

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