Miura closes Frutas, the largest agribusiness fund in Europe, to support the growth of Citri&Co and Frutas Esther
Congratulations to Miura Private Equity on raising c. €350 million for Frutas, the largest agribusiness fund in Europe. Frutas will invest in the continued growth and consolidation of Citri&Co, the European leader in the production and sale of citrus fruit, and invest alongside Miura Fund III, which will acquire Miura’s existing interests in the company from Miura Fund II.
The Citri&Co platform has been built through the consolidation of three citrus companies, creating the leading European agribusiness partner for the retail channel. As part of the investment, Citri&Co will also invest in Frutas Esther, Europe’s leader in the production and sale of stone fruit.
The fund was raised in less than three months and was supported by institutional investors from Europe and North America, including Morgan Stanley and Schroder Adveq. Rede is proud to have partnered with Miura to raise Frutas, having worked together to raise Miura Fund III in 2018.
Well done to the Miura team!