BACK TO MEDIA RELATIONS
Verdesian completes planned recapitalization with support from existing and new investment partners
Verdesian Life Sciences has successfully completed the planned refinancing of its debt facilities.
Jun 27, 2019
CARY, North Carolina – Verdesian Life Sciences, LLC (“Verdesian” or the “Company”), a leader in plant health and nutrition, and a portfolio company of Paine Schwartz Partners, LLC (“Paine Schwartz”), has successfully completed the planned refinancing of its debt facilities.
The refinancing was completed with support from both new and existing investment partners, including Paine Schwartz, who made their first investment in Verdesian back in 2012. Since 2012, and through six strategic business combinations, Verdesian has grown to become a leading innovator of nutrient use efficiency products and technologies that help plants reach their full potential.
The recapitalization provides the Company with the capital and flexibility to support growth of its core technology offerings. Kenneth Avery, Chief Executive Officer of Verdesian, said, “The recapitalization marks an exciting milestone for Verdesian as we meet growing demand for our nutrient use efficiency technology solutions. We are appreciative of the support provided by our new and existing investment partners and look forward to building on our leadership position in this exciting, high-growth and high-impact sector. Our goal is ultimately to leave it better than we found it, and this event enables us to scale our operations and enable more farmers to farm sustainably. That’s how we leave it better than we found it.”
Verdesian Life Sciences enables a sustainable future for farmers through nutrient use efficiency. Grown from the ground up in 2012, Verdesian Life Sciences offers farmers and growers biological, nutritional, seed treatment, and inoculant technologies that maximize performance on high-value row crops and specialty crops as well as turf and ornamental plants. As a 4R Nutrient Stewardship Partner, Verdesian is committed to researching and developing environmentally- and financially-sustainable products. Further information about Verdesian is available at vlsci.com.
About Paine Schwartz Partners
A global leader in sustainable food chain investing, Paine Schwartz Partners is a private equity firm focused exclusively on investment opportunities in the fast-growing, dynamic global food and agribusiness sectors. The firm’s investment, operations and finance professionals invest throughout cycles across the food and agribusiness value chain and bring a collaborative and active management approach to portfolio companies. For further information, see www.paineschwartz.com.
© 2019 Verdesian Life Sciences. All rights reserved.