AgriBriefing completes management buyout

AgriBriefing, a specialist business information company covering global agribusiness, this week announced that management has completed a buyout of the company with financing from funds managed by Ares Management Corporation and existing partner, Horizon Capital.

AgriBriefing completes management buyout
AgriBriefing expects to grow EBITDA at market-leading organic rates in excess of 30% this year.

AgriBriefing was established in 2012 with a mission to build the pre-eminent vertical business information company specialising in global agribusiness. The company has grown over the past seven years and currently employs some 200 people in the UK, Netherlands, France and the US.

AgriBriefing’s offering includes its commodity price reporting agencies (Feedinfo and Urner Barry), exhibitions and conferences (LAMMA, CropTec, Feed Additives and the Global Protein Summit) and information services (Farmers Guardian, Foreign Trade Data, Agrimoney and Seafood News).

According to AgriBriefing, the company is set to grow EBITDA at market-leading organic rates in excess of 30% this year. This buyout delivers both a premium return for our shareholders while also setting us up for our next stage of development. The company sees a significant opportunity to be the consolidator of information, pricing and data assets from across the global agribusiness supply chain.

Rory Brown, Co-founder & CEO of AgriBriefing said: “I am extremely proud of the company our team has built over the course of the last seven years but also enthused for the opportunities still to come. We have shown that we can construct a robust, high margin, global business at pace – both organically and via targeted acquisitions. We welcome the continuing support from our friends at Horizon Capital and the financing from Ares Management with the additional financial firepower that brings.”

Adam Lewis, Partner at Horizon Capital, added: “We’re delighted to have supported Rory, Rupert and the team in the transformation of the business into a global, premium and price reporting led data and information provider, with two significant international acquisitions since we invested. This transaction delivers both a good return for our investors and brings on board a strong new partner in Ares, who we look forward to working alongside to support the continued growth of the business.”

Mike Dennis, Partner and Co-Head of European Credit in the Ares Credit Group, added: “We are excited to be participating in the next stage of AgriBriefing’s growth. The business is a great example of the type of company Ares is looking to support with a demonstrable track record of growth, strength and depth in the management team, as well as significant organic and M&A led opportunities for the future.”