ResponsAbility Investments and Avenue Capital Group invest in Agrovision as it continues its rapid global expansion

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Published 13 minutes ago

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Agro Vision Corp. (“Agrovision”), one of the world’s fastest growing leading producers and suppliers of superfruits, has closed a first round of incremental growth capital led by responsAbility Investments, the Swiss sustainable asset manager focused exclusively on impact investing and Avenue Sustainable Solutions Fund, LP, a fund within Avenue Capital Group.

The proceeds will fund the next phases of Agrovision’s ambitious global growth plan and enable the company to pursue its mission of transforming lives and promoting sustainability.

“The joint investment brings additional depth and support to Agrovision’s ability to reliably supply our consumers around the world with the highest quality superfruits 365 days a year, while strengthening our position as a market leader. sustainable agriculture,” said the executive chairman and co-founder of Agrovision. , Steve Magami. “We are thrilled to partner with such quality groups aligned with our mission and vision at a time marked by volatility and disruption in the global supply chain. This reflects continued confidence in Agrovision’s transformational environmental and social impacts.

“We are delighted to partner with Agrovision, with whom we share a vision of a future of sustainable, technology-driven agriculture that delivers high-quality, nutritious food. Our innovative investment partnership structure reflects our shared commitment to sustainability and governance,” said Rik Vyverman, Head of Sustainable Food Private Equity at responsAbility. “Our investment in Agrovision is a perfect example of our strategy to support the expansion of leading sustainable agricultural businesses, and we are confident that this partnership will further Agrovision’s positive impact across the world.” said Alberto Alonzo, co-founder of responsAbility’s Sustainable Food LatAm fund.

“An investment in Agrovision fits naturally into our strategy,” said Sean Coleman, lead portfolio manager of Avenue Sustainable Solutions Fund. “We are delighted to support Agrovision as it seeks to meet a growing demand for sustainable agriculture. The company is extremely well placed to demonstrate that financial success doesn’t have to come at the expense of the environment.

The closing of this growth capital round adds to Agrovision’s already strong momentum and comes just months after the Los Angeles-based company announced its new North American berry commercialization partnership with Berries Paradise. and its $210 million long-term flexible financing led by Credit Suisse and co-led by Rabobank, Santander, ICBC and others.

Agrovision produces premium quality berries from unique varieties using sustainable farming practices, precision farming techniques and thoughtful resource management. Complete control of the supply chain maximizes the partnership’s speed to market and ensures the freshness and quality of all berries, differentiating and enhancing the performance of the customer’s premium berry category.

Agrovision continues to take a proactive role in eight of the United Nations Sustainable Development Goals, exemplified by the receipt of several environmental, social and biodiversity awards over the years.

Cascadia Capital acted as exclusive financial advisor and Simpson Thacher & Bartlett acted as legal advisor to Agrovision. Skadden, Arps, Slate, Meagher & Flom acted as advisors to responsAbility Investments and Avenue Capital Group.

About Agrovision
Agrovision is a vertically integrated, technologically advanced superfruit company. The Company is engaged in agriculture, supply chain and marketing activities in the world’s three major consumer markets: Asia, North America and Europe. Agrovision is a mission-driven company, seeking to transform lives while promoting sustainability throughout its value chain. The Company has also been recognized for its commitment to the environment, receiving one of the industry’s highest honors for biodiversity and the conservation and sustainable use of natural resources.

About responsAbility Investments AG
responsAbility Investments AG is a leading impact investor specializing in private debt and private equity in emerging markets. Founded in 2003 and based in Zurich, it has invested over $12 billion since inception and has a strong track record of performance. The company invests in three distinct themes to contribute directly to the United Nations Sustainable Development Goals (SDGs): financial inclusion, to finance the growth of micro and SMEs; Climate Finance, to contribute to a net zero trajectory; and Sustainable Food, to sustainably feed an ever-growing population. responsAbility is part of M&G plc, the international savings and investment business with £349 billion in assets under management, and helps build M&G’s impact investing capabilities. www.responsibility.com.

About Avenue Durable Solutions
The Avenue Sustainable Solutions Fund, LP seeks to provide creative financing solutions to high-growth companies that can demonstrate a measurable, positive environmental outcome as well as competitive financial returns. For more information about Avenue Capital Group, which is a global investment firm with assets estimated at approximately $12.1 billion as of July 31, 2022, please visit www.avenuecapital.com.

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agrivision

agrivision

Agrovision is a vertically integrated, technologically advanced superfruit company. The Company is engaged in agriculture, supply chain and marketing activities in the world’s three major consumer markets: Asia, North America and Europe. Agrovision is a mission-driven company, seeking to transform lives while promoting sustainability throughout its value chain. The Company has also been recognized for its commitment to the environment, receiving one of the industry’s highest honors for biodiversity and the conservation and sustainable use of natural resources.

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