Schroder British Opportunities Tst. Mintec acquires AgriBreifing (8941Q)
24 Fevereiro 2023 - 4:00AM
UK Regulatory
TIDMSBO
RNS Number : 8941Q
Schroder British Opportunities Tst.
24 February 2023
Schroder British Opportunities Trust plc
Mintec acquires AgriBreifing
Schroder British Opportunities Trust plc ("SBO" or the
"Company") is pleased to confirm that one of its private equity
investments, Mintec, the leading global provider of price data,
analytics and forecasts for agri-food, has announced the
acquisition of AgriBriefing, to establish the largest
agri-food-focused price reporting agency (PRA) and global
information provider.
AgriBriefing comprises multiple global brands with a combined
heritage of over 200 years specialising in agri-food supply chains
through its products and proprietary data, including Urner Barry,
the original agri-food PRA founded in 1857 and the leading provider
of North American protein price benchmarks.
The combined group will have a strengthened financial profile,
product offering and customer base:
-- The largest portfolio of agri-food commodity data assets
spanning 650 commodities across 21,000 time series, including
benchmarks globally.
-- A growing footprint in North America, Europe, and Asia, with
the U.S. its largest and fastest growing market.
-- An increased capacity to deliver market insight, price
intelligence and analytics across supply chains for procurement,
risk management and financial services.
SBO gained exposure to Mintec in May 2021 via Schroders' long
standing investment partner Synova, who first invested in the
company in December 2017 and have supported it through a period of
rapid growth, technological development, and international
expansion. This latest acquisition builds on Mintec's previous
acquisitions of Kairos Commodities and CommoPrices.
Tim Creed and Rory Bateman, portfolio managers of the Company,
commented: "We are delighted to see the announcement of this
acquisition which will establish the world's largest PRA focused on
agri-foods. The combined business has considerable future growth
potential, made possible by its unrivalled data assets, expanded
geographic reach and increased capacity to serve its
customers."
Enquiries:
Schroder Investment Management Limited
Paula Lockwood (Company Secretarial)
Augustine Chipungu (PR) 020 7658 6000
Peel Hunt
Liz Yong, Luke Simpson, Tom Pocock (Investment Banking)
Alex Howe, Chris Bunstead, Ed Welsby, Richard Harris
(Sales) 020 7418 8900
About Schroder British Opportunities Trust plc 'SBO'
SBO invests in a diversified portfolio of UK-focussed public and
private equity companies that have strong long-term growth
prospects and good ESG credentials.
Further information on the Company is available at
www.schroders.com/sbo
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END
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