TALLINN, August 23, 2018 – LionCliff Capital, the Nordic investment banking firm, is delighted to have advised Varandus Agri in the sale of farmland portfolio for grain farming in Estonia.
Varandus Agri, the private equity fund active in agricultural investments, acquired its farmland portfolio consisting of more than 1,000 hectares of land in 2014.
The fund's grain farming portfolio has been acquired by local farmers and investment funds in several transactions. LionCliff Capital continues to be mandated to advise on the sale of grassland.
During the investment period, LionCliff Capital advised its client in originating, negotiating and concluding land lease agreements with land operators, thus strengthening the position of Varandus Agri in the land lease market.
As a result of LionCliff Capital's involvement, the land units were leased and sold at market terms, allowing the fund to deliver sustainable and stable cash returns to its investors.
The seller was advised by investment bank LionCliff Capital and law firm Jesse & Kalaus. The transaction value is confidential pursuant to the parties’ agreement.
LionCliff Capital is a Nordic investment banking firm that provides advice and services to help clients with mergers & acquisitions (M&A), financing and other transactions. LionCliff Capital provides financial services to diversified client base that includes large corporations and emerging companies, government agencies, institutional investors and individuals. LionCliff Capital acts for clients throughout the Nordics and Baltics from its offices in Stockholm, Tallinn and Riga.
Further information:
Siim Roos
Co-Founder and Partner
Tel: +372 50 44 681
E-mail: siim.roos@lioncliff.com
