July 17, 2020
Partners Group acquires Rovensa from Bridgepoint.
Rovensa has a portfolio of agricultural solutions and technologies that helps farmers to enhance crop yields and provide food security. Founded in 1926 and headquartered in Portugal, the Company has three divisions: BioNutrition, which provides agricultural crops with nutrients for growth and healthy development; Crop Protection, which eliminates or prevents biological threats in crops; and BioControl, which offers products based on biological inputs, such as plant extracts and micro-organisms.
Eric Van Innis, Chief Executive Officer of Rovensa, said: “We have benefitted greatly from Bridgepoint’s ownership since 2017 and our recent growth trajectory reflects this. However, with a growing global population, ambitious environmental targets, and health concerns, the agricultural sector remains essential and we believe its strategic importance ensures there are further exciting growth opportunities ahead. We are convinced that Partners Group, with its global presence and focus on entrepreneurial ownership, is the right partner with which to continue building Rovensa’s platform and seize those opportunities. We look forward to working hand-in-hand with Partners Group’s team in this next phase of growth and to corresponding to their trust in our project.”
Andrew Deakin, Managing Director, Private Equity Directs Europe at Partners Group, added: “Rovensa represents a great opportunity to support a resilient business in a market characterized by steady long-term growth. The Company is ideally positioned to capitalize on the growing trend towards sustainable agricultural products, which will be a core element of the strategy we will continue to pursue. We were attracted to the Company’s reputation, talented management team and high-quality product portfolio and see compelling potential for accelerated growth. We are very excited about this meaningful investment in Iberia and are looking forward to supporting Rovensa’s continued growth journey.”