Mintec acquires AgriBreifing

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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