Verdesian Life Sciences, a portfolio company of Paine & Partners, has acquired all of the assets of Plant Syence Ltd. and its affiliates. With the closing of the acquisition, Plant Syence will immediately begin conducting business as Verdesian Life Sciences Europe, Ltd.
Plant Syence is a research based supplier of products to the agriculture, horticulture and amenity markets. The company has also acted as a manufacturer’s representative for Verdesian in the United Kingdom and continental Europe for the last 11 years. Plant Syence is based in East Yorkshire, UK (www.plantsyence.com).
“Verdesian is committed to product development and enhancing our portfolio through acquisition of companies and technologies. The acquisition of Plant Syence is an important step in Verdesian’s growth strategy,” said JJ Grow, Chief Executive Officer of Verdesian Life Sciences.
In September 2012, Paine & Partners created Verdesian Life Sciences as a platform to focus on investments in plant health and nutrition. Simultaneous with the formation of Verdesian, the company completed its first acquisition with the purchase of Biagro Western Sales, which focuses on technologies used to develop plant health and plant nutrition products in agricultural markets globally. Biagro Western is based in Visalia, CA (www.biagro.com).
Paine & Partners provides equity capital for management buyouts, going private transactions, and company expansion and growth programs. The firm, with $1.2 billion of capital under management, has offices in San Mateo, CA; New York, NY and Chicago, IL (www.painepartners.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 4-18-13
