CLSA Capital Partners backs VoloAgri
CLSA Capital Partners (CLSA CP) has invested in VoloAgri Group, a California-based agricultural technology company, which is the third agriculture investment channeled through its Clean Resources Asia Growth Fund.
Transaction terms were not disclosed but the proceeds enable VoloAgri to accelerate its acquisition and growth strategy in the fragmented vegetable seed market in Asia, according to a statement.
"Sustainable agriculture is one of our core focus areas given the acute issues we are seeing in Asia. We believe VoloAgri will be an excellent standalone investment and that it will bring significant value and seed technology to the Asian markets," said Peter Kennedy, managing director of CLSA's Clean Resources Asia Growth Fund.
VoloAgri applies hybrid breeding technologies to improve agricultural results and foster sustainable agricultural practices.
The Clean Resources Asia Growth Fund, a 2009 vintage vehicle with a fundraising target of $200 million, invests in sustainable agriculture, cleaner energy, recycling and energy efficiency, in addition to water. Its portfolio includes desalination services provider Aqualyng, Delhi-based Earth Water Group, tea producer Sariwangi AEA and Scinor Water.
CLSA Capital Partners has approximately $2.6 billion in assets and offices across Hong Kong, Singapore and Tokyo.
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