Investment into Mintec

RNS Number : 6675L

Schroder British Opportunities Tst.

17 May 2022

 

Schroder British Opportunities Trust plc

Investment into Mintec

Schroder British Opportunities Trust plc ("SBO" or the "Company") is pleased to announce it has made an investment into Mintec, the leading provider of food-related commodity pricing, via Schroders long standing investment partner Synova. Synova first invested in Mintec in December 2017 and has supported the Company through a period of rapid growth, technological development, and international expansion. Synova's investment helped Mintec launch their proprietary data strategy and to become the world's first food-focused, IOSCO-compliant, Price Reporting Agency. In 2021, Mintec further enhanced its value proposition by acquiring commodity price forecasting specialist, Kairos, to create the world's most advanced integrated pricing intelligence platform for food industry procurement and risk managers globally.

Mintec is the leading global provider of food-related commodity prices, forecasts, and advanced analytics to the $9 trillion food industry; all delivered through its cutting-edge SaaS platform, Mintec Analytics. Mintec provides over 750 of the world's largest companies with critical data that underpins their procurement, budgeting and risk management covering more than 15,000 food ingredients and associated materials.

This investment is in line with SBO's focus on backing well positioned, high growth UK businesses, with opportunities for significant expansion herein and a strong alignment between shareholder value and a fundamental positive purpose in society.

Mintec has a strong ESG focus: it offers services and products enabling pricing transparency, effectively optimising the value chain for food commodities; increased transparency minimises food waste and optimises logistics ultimately enabling a reduction in CO2 emissions.

Tim Creed, Head of Private Equity at Schroders, commented: "We are delighted to announce SBO's seventh private equity investment. Mintec is the clear market leader of food related commodity pricing and analytics and offers mission critical products sold to the largest industrial sector globally, and a Company that we have known for several years through our relationship with Synova. We are excited to be part of the next phase of growth of Mintec, which has a very large addressable marketplace and is, additionally, proving highly resilient to current macro trends. In addition to Mintec, the private equity team has been working to finalise other exciting opportunities and we look forward to announcing these new investments in the very near future."

Enquiries:

Schroder Investment Management Limited  Paula Lockwood (Company Secretarial)  Estelle Bibby (PR)	020 7658 6000
Peel Hunt  Liz Yong, Luke Simpson, Huw Jeremy (Investment Banking)  Alex Howe, Chris Bunstead, Ed Welsby, Richard Harris (Sales)	020 7418 8900

About Schroder British Opportunities Trust plc

Schroder British Opportunities Trust plc has been established to invest in a diversified portfolio of both public equity investments and private equity investments consisting predominantly of UK Companies with strong long-term growth prospects.

ESG company engagement is a key feature of the Company's investment strategy. The Company's focus is on companies with business models which are considered to be sustainable in terms of both the longevity and durability of their businesses and their environmental, social and governance (ESG) behaviours.

The Company's ordinary shares are listed on the premium listing segment of the Official List of the Financial Conduct Authority and have been admitted to trading on the main market for listed securities of the London Stock Exchange in December 2020 under the ticker "SBO".

Further information on the Company is available at  www.schroders.com/sbo .

About Mintec

Mintec is the world's leading independent provider of global commodity price data, price forecasts & market intelligence for the food, CPG and capital goods supply chains. They help buying teams to make better-informed decisions by providing price benchmarks, market data and forecasting services.

More info: https://www.mintecglobal.com/

About Synova

Synova is recognised across the industry as one of Europe's most innovative growth investors, generating market-leading returns from investing in companies typically valued at between £30m and £150m. Synova has generated industry-leading returns in the UK, which has been reflected in being awarded 'UK Private Equity House of the Year' four times in the past seven years. Synova has recently been listed as one of the 'Most Consistent Top Performing Buyout Fund Managers' globally by Preqin. Synova is currently the only UK firm, and one of only two in Europe, with a number one Preqin ranking, with all its applicable funds ranked in the top quartile, placing Synova as one of the Top 9 best performers globally.

More info: https://www.synova.pe/

 

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