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Accession Capital Partners backs Spearhead

AMC Capital IV (AMC), advised by Accession Capital Partners (ACP), has signed an agreement to acquire shares in data-driven agribusiness P&P Spearhead UK Holdings Ltd (Spearhead) from Paine Schwartz Partners.

Accession Capital Partners backs Spearhead

AMC Capital IV (AMC), advised by Accession Capital Partners (ACP), has signed an agreement to acquire shares in data-driven agribusiness P&P Spearhead UK Holdings Ltd (Spearhead) from Paine Schwartz Partners. The transaction is subject to certain conditions, including antitrust approvals.

Spearhead is one of the leading vertically integrated food and agriculture businesses operating in the EU. The company manages 83,000 hectares of farmland across Poland, the Czech Republic, Slovakia, Romania and the UK, where the company started more than 50 years ago. It is a clear European leader in regenerative agriculture, harnessing valuable data it collects through its application of the state-of-the-art technologies for precision farming. Spearhead specializes in valued-added specialty crops catering to the most demanding food processing businesses in Europe.

ACP has known the leadership team at Spearhead for years and this longstanding supportive relationship helped give both sides conviction that a partnership for the next stage of Spearhead's growth would be mutually beneficial.

Przemysław Głębocki, Co-Managing Partner at ACP, said “We are excited to be part of a new chapter in Spearhead’s history. The company is strongly positioned to take advantage of the industry trends of food traceability and tightening food specifications. As a genuinely data-driven business with best-in-class professionals setting industry standards, it is truly ahead of its competitors. The business is well placed as a platform for consolidation, and we are ready to support Tomasz and his team in organic as well as acquisitive growth.”

Tomasz Zdziebkowski, CEO of Spearhead, said: “As an integral part of local communities across the region and the European food production ecosystem, we firmly believe that regenerative farming coupled with the latest technology and the highest food safety standards are key to long-term success. We share this view with ACP and we are very enthusiastic about our growth opportunities with their support. We also thank the team at Paine Schwartz for their support over the years.”

John Atkin, Chairman of Spearhead, concludes “I would like to thank Tomasz, CFO Jonathan Lamont, and the entire Spearhead team for their intensive efforts. In recent years the business has focused on its core operations and has strengthened its position as one of the most technologically advanced farming companies in Europe”

 

For further information, please contact:

Przemyslaw Glebocki, Co-managing Partner at ACP

tel.: +48 22 654 6415

Christian Stix, Partner and Head of Investor Relations

tel.: +43 1 532 89 9019

acp-group.eu

 

Accession Capital Partners

Accession Capital Partners, formerly known as Mezzanine Management, is currently investing from AMC Capital IV, which closed on €264 million in 2018 and is the firm’s largest vehicle to-date. ACP is the exclusive advisor to the AMC group of funds, whose total investments exceed €770m. ACP has been operating in Central and Eastern Europe since 2000 through its offices in Vienna, Warsaw, Bucharest, Budapest and Prague. The funds’ investment portfolio is diverse, with more than 55 transactions across 12 countries in CEE. The funds are backed by reputable institutional investors, including the European Bank for Reconstruction and Development, the European Investment Fund and a number of banks, pension funds and insurance companies from Europe, the US and Asia.

 

Spearhead International is a European farming group supplying food processors, manufacturers and retailers. Farming approximately 90,000 hectares we have the scale to reliably deliver high quality produce. We manage risk through diversity of geography, enterprise selection, management and marketing.

Contact us

Spearhead International Ltd
Gate 2
Hasse Road
Soham
Cambridgeshire
CB7 5UN UK

Tel: +44 (0) 1223 233263

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