Schroder Br.Opps.Tst - Mintec acquires AgriBreifing
24/02/2023 07:00
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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 020 7658 6000
Paula Lockwood (Company Secretarial)
Augustine Chipungu (PR)
Peel Hunt 020 7418 8900
Liz Yong, Luke Simpson, Tom Pocock (Investment Banking)
Alex Howe, Chris Bunstead, Ed Welsby, Richard Harris (Sales)
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
(http://www.schroders.com/sbo)
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