 "Rabo's agri PE fund picks up equity in Parijat Industries")
Parijat is an Indian agrochemical player with extensive global presence in 70 countries, 6 international offices, exclusive distribution networks in India, Russia and the CIS and West Africa. Parijat is looking to achieve sales of Rs 1500 crore by 2021 and also expand its domestic distribution network to 10,000 retail points in three years from 4,500 at present, thereby expanding its presence throughout the country.
Rabo's India Agri Business Fund II is a $200 million private equity fund targeted at Indian food and agribusiness companies. It is sponsored by Rabobank along with its anchors CDC Group and Asian Development Bank. This is the second investment by the fund, with the first investment announced last week in the food condiments sector.
Rabo Equity Advisors'first fund is the size of $120 million which has invested in 10 companies across sectors like biotechnology, warehousing, edible oils, dairy and basmati rice. Some of the existing portfolio companies are Prabhat Dairy, LT Foods and Vacmet. Rabo Equity has an exclusive knowledge sharing agreement with Rabobank which gives it an unfettered access to the vast knowledge pool and network of Rabobank.