UM guides Rovensa´s acquisition of Oro Agri

Uría Menéndez has advised Rovensa on its acquisition of leading provider of environmentally friendly biocontrol solutions Oro Agri from Omnia Group

Portugal-based international group Rovensa has agreed to acquire South Africa´s Oro Agri, a leading provider of environmentally friendly biocontrol solutions, from the Omnia Group. The acquisition of Oro Agri reinforces Rovensa as the leading independent provider of biological solutions globally and further expands its geographical footprint, particularly across the US, Asia and South Africa. Rovensa looks forward to partnering with Erroll Pullen (Founder and CEO of Oro Agri) and his outstanding management team to accelerate Oro Agri’s expansion by leveraging Rovensa´s platform to exploit further growth opportunities.

Eric van Innis, CEO of Rovensa, stated: “ We are extremely excited to welcome Oro Agri into Rovensa. Its ambitious and talented management team, a highly promising product pipeline and the significant opportunities arising from the integration within the wider Rovensa group will be important drivers of our continued development.”

Erroll Pullen, Founder and CEO of Oro Agri, said: “Being part of Rovensa is very exciting for our personnel as we see many new doors opening for the introduction of complementary products. I could not be more excited and my senior management staff is elated.“

Completion of the acquisition is expected to take place prior to the end of 2020 and remains subject to the approval of the shareholders of Omnia Holdings Limited, as well as certain merger control and other clearances.

Rovensa’s portfolio of innovative agricultural solutions and technologies helps farmers enhance crop yields and provide food security. Rovensa specialises in formulating sustainable products which reduce agriculture’s environmental impact, combat its contribution to climate change and support the cultivation of healthy food.

Uría Menéndez advised Rovensa with a Madrid office team led by M&A-Private Equity partner Manuel Echenique (pictured left) together with M&A-Private Equity international counsel Alex Bircham (pictured centre) and Rachel Brown (pictured right).