Harvard's agricultural fund negotiates purchase of Projar
The manager Solum Partners, based in Boston, has been declared the winner of the process initiated to find a new shareholder.
Solum Partners, a US private equity firm based in Boston and linked to Harvard University, is in exclusive talks to acquire a majority stake in Spanish company Projar, which produces substrates for agriculture and gardening. Projar, founded in 1983 and headquartered in Valencia, has operations in Spain and Asia, employs 165 people, and generates annual revenues of over €108 million.
Solum, which recently opened an office in Madrid, won a competitive process coordinated by EY to find a new shareholder for Projar. The negotiations are expected to be exclusive until the end of the year, with the founders and management team expected to remain involved in the company.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
