Selected Deals

Agricultural Products

  • Target
    Fondomonte S.A.
  • Our Role
    Advisor to seller
  • Seller and Location
    Private shareholders of Fondomonte S.A., Luxembourg
  • Activity
    An agribusiness company that owns and operates three farms in Argentina, totaling 12,306 hectares
  • Acquiror / Investors and Location
    Almarai Company Ltd., Saudi Arabia
  • Activity
    Markets dairy products and fruit juices and is the Gulf's largest dairy firm by market value
  • Description of Transaction
    Advised Fondomonte S.A. on the sale of the company’s entire share capital to the Saudi Arabia-based Almarai Company Ltd. for approximately USD 83 million. This acquisition should help secure feed sources abroad for its cattle and chicken operations and conserve local resources (i.e. water). Almarai Company is a major integrated consumer food group in the Middle East, with leading market shares in Saudi Arabia and the neighboring Gulf Cooperative Council countries. The transaction was closed prior to new regulation on foreign land ownership being approved in Argentina, a crucial factor in successfully closing the transaction.