Minority Co-Investment Case Study: Anuvia

Minority Co-Investment Case Study: Anuvia

Opportunity / Theme

Manufactures and sells a homogeneous, multi-nutrient fertilizer with enhanced characteristics to the Ag and turf markets

Develop multiple factories within the Southeast and California

Introduce propriety technology to develop and market premium product to the fertilizer market while providing an environmental necessity

The Transaction

Partnered with TPG to acquire 100% of Anuvia in 2014

Purchase price was for complete equity and management control of Anuvia while allowing for equity dollars to be used for project financing of the first 80,000-ton facility in Zellwood, Florida

Raised $70 million in bonds with our $36 million in equity to support initiative

Osceola Value-Add

Utilizing operational background to map out a growth plan to scale the business to include four additional plants by 2018

Hired a world-class management team with decades of experience in agriculture and chemicals

Used internal relationships to help navigate and manage potential political and permitting hurdles

Exit Strategy / Current Status

Develop and operate multiple plants in the Southeast and California

Current facility in Zellwood is Operational and producing multiple specialty products

Recipient of the Bronze Award for Sustainability at the 2017 Edison Awards presentations in New York City

Sell to financial or strategic institution by 2020

Recently highlighted on CNN’s Today marketplace (Click Here to see the video)