Global Capital Investors II completes the sale of its majority stake in Eurodrip S.A.
Aquanova International Holdings B.V., a company controlled by Global Capital Investors II (a private equity fund advised by Global Finance), has completed the sale of its 56.49% shareholding in Eurodrip S.A., a company listed on the Athens Exchange and a global manufacturer and supplier of drip irrigation solutions.
More specifically, on 29th of January 2013, P&P Water Holdings (Greece) S.A., a company controlled by Paine & Partners Capital Fund III GP Ltd, has acquired Aquanova International Holdings B.V.’s stake in Eurodrip for € 1,53 per share.
Eurodrip S.A. manufactures industry leading drip irrigation solutions, which allow farmers to realize greater crop yields while more efficiently utilizing limited water resources. The company’s modular drip irrigation solutions are customized for a diverse range of topographical, climatic, soil and water conditions. The company has managed, under the guidance of Global Finance since the end of 2005, to more than double its turnover to € 84 million and to multiply its EBIDTA by 6 times, exceeding € 12 million in the twelve months period ending on 30.09.2012.
Eurodrip group has a market presence in over 70 countries, with operating facilities in Greece, as well as, in the U.S., Turkey, Egypt, Jordan, Peru and Mexico (through subsidiaries), employs more than 500 people worldwide and is considered as one of the leading companies in its field worldwide.
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