Uría Menéndez advises on Cibus Fund´s acquisition of a majority strategic stake in PSB Producción Vegetal
Uría Menéndez has advised Cibus Fund, a leading investment fund in sustainable agriculture and food, on its acquisition of a majority strategic stake in PSB Producción Vegetal, a global leader in patented fruit genetics and stone fruit breeding.
Founded in 1989 and based in Murcia, Spain, PSB has transformed the landscape of stone fruit breeding with a robust portfolio of 74 patented varieties and 51 additional varieties under evaluation, covering peaches, nectarines, apricots, plums, and expanding into table grapes and cherries. PSB’s advanced R&D platform integrates molecular marker technologies and an extensive hybridisation programme, working with up to 120,000 hybrids to develop fruit varieties with exceptional flavour, disease resistance, and climate resilience—including low chill requirements and extended harvesting seasons.
The investment by Cibus Fund II aims to enhance PSB’s global growth and innovation pipeline, supported by strategic advisors Dr. David Buckeridge, former CEO of Advanta, and Garth Swinburn, former senior executive at Sun World. The partnership highlights the increasing importance of cutting-edge breeding technologies in ensuring food security, sustainability, and adaptation to climate change in agriculture.
The legal team advising on the transaction included Guillermo del Río (partner, M&A – Private Equity), Carlos Durán (partner, Tax), Daniel Cerrutti (partner, Employment), Luis Núñez-Lagos Torralba (senior associate, M&A – Private Equity), and Miguel Recio Arcauz (associate, M&A – Private Equity).
