11th January 2023
On the back of growing importance of food security and food traceability, AMC Capital IV S.C.Sp., advised by Accession Capital Partners (ACP), has realized an early partial exit of its investment in data-driven agribusiness Spearhead. The divestment of the firm’s Czech and Slovak operations to strategic investor JTZE group (J&T Zemědělství a Ekologie) takes place just one year after ACP acquired the company. The transaction provides a strong return for investors, and ACP retains a stake in Spearhead’s Polish, Romanian and UK businesses.
Spearhead is one of the leading vertically integrated food and agriculture businesses operating in Europe. The company managed 83,000 hectares of farmland across Poland, the Czech Republic, Slovakia, Romania and the UK, where the company started more than 50 years ago. It is a clear European leader in regenerative agriculture, harnessing valuable data it collects through its application of the state-of-the-art technologies for precision farming. Spearhead specializes in valued-added specialty crops catering to the most demanding food processing businesses in Europe.
Przemysław Głębocki, Managing Partner at ACP, said: “We have always seen Spearhead being at the core of food traceability and security which have been gaining in importance in Europe and globally. We are happy that our vision has been shared by the new investor in our Czech and Slovak business. We know the prospects for these two markets are bright and may be further enhanced in the hands of JTZE, creating an early exit for us.”
Tomasz Zdziebkowski, CEO of Spearhead Group, said: “I am pleased to see that our Czech and Slovak companies are back in the hands of domestic owners, with JTZE a strong local investor who will ensure further development of the business. Spearhead continues to operate in the European markets of Poland, Romania and the UK and we will continue to work with the Czech and Slovak businesses in terms of know-how and technology as well as client relationships and the highest food quality standards. I have been delighted to work with the local teams and I look forward to continuing our relationship.”