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August 30, 2013

US private equity execs travel to Chile with $100m for salmon deals

Executives from US private equity AGR Partners are travelling down to Chile next week, with plans to invest in the country’s struggling salmon sector.

The California-based investment firm, backed by a US pension fund, has between $20 million to $100m to spend on the right opportunity, Ejnar Knudsen, its managing member and a former Rabobank executive, told Undercurrent News.

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August 28, 2013

Private Equity Fund Sees All the Right Drivers in Seafood

Knudsen was previously part of the management team at Western Milling, a California-based diversified feed company. His interest in the seafood sector reaches back to around a year and half ago. The more he researched the industry, the more he was convinced AGR needed to be in the space with the industry’s key drivers.

“I looked at it and said, ‘I want to invest more in these animal proteins that have this high growth rate and upside ‘Superfood’ optionality,’” he said.

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May 10, 2013

AGR purchases 19.5% stake in Ridley Corp.

A California-based private equity fund has purchased a 19.5% stake in Australia-based Ridley Corp.

The stock feed and rendering business said it understood that AGR Partners — a private equity fund set up last year and professing a long-term approach to investment in agriculture — bought the stake from long-term holder GPG, which is in the process of winding down an international investment portfolio.

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May 6, 2013

AGR Swallows 19.5% of Australia’s Biggest Animal Feed Company

U.S. private equity firm AGR Partners has bought Guinness Peat Group PLC’s stake in Australia’s largest animal feed company, a person familiar with the matter said Monday.

Guinness Peat Group raised 54 million Australian dollars (US$55 million) from the sale of its 19.5% stake in Ridley Corp. The shares traded at 90 cents a share, representing a 14.6% premium to Ridley’s closing price Friday.

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