Horizon exit delivers 3x return

Horizon Capital has exited its investment portfolio company AgriBriefing with a sale of the business to Five Arrow’s-backed Mintec, delivering 3x return on invested capital in the process.

Headquartered in London, with offices in the US and France, AgriBriefing comprises multiple global brands with a combined heritage of over 180 years specialising in agri-food supply chains through its products and proprietary data.

During Horizon’s period of investment, the business made four international acquisitions and disposed of a non-core division. It also established a significant presence in the large US market and subscription revenues grew threefold.

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AgriBriefing was advised by Houlihan Lokey (corporate adviser) and CMS (legal counsel).

Horizon Capital recently marked its 100th add on acquisition and has completed a total of 11 platform investments across its two funds to date. The London based investor specialises in buy and build strategies, supporting growing entrepreneurial businesses to rapidly scale and expand both in the UK and internationally.

Source: Private Equity Wire

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