- Innoliva’s sale is the first majority-owned exit from a Cibus advised strategy
- Cibus acquired Innoliva in October 2017
- Cibus is the London-based investment advisor to the Cibus funds
Cibus Capital has sold Innoliva Group, a Spanish extra virgin olive oil producer and processor, to Fiera Comox Partners.
Innoliva is headquartered in Seville.
Innoliva’s sale is the first majority-owned exit from a Cibus advised strategy.
Cibus acquired Innoliva in October 2017.
Innoliva has almost doubled its footprint from around 4,300ha to over 8,300ha of diversified products, including olives, almonds, table olives and 2,300ha of organic olive oil production under Cibus’ ownership, according to a release.
“Under the direction of its world-class management team, Innoliva is now a leading Iberian extra virgin olive oil producer and one of the largest producers of premium organic olive oil globally,” said Rob Appleby, founder and chief investment officer, Cibus. “There remains substantial potential for growth within the company.”
No financial details of the transaction were disclosed.
Fiera Comox, a private investment firm focused on agriculture, timberland, private equity and private credit strategies, is an affiliate of Fiera Capital Corp. Fiera Capital is a Montreal, Quebec-based asset manager.
Cibus is the London-based investment advisor to the Cibus funds.
Advisers to Cibus Strategy in the sale process include Lazard as financial adviser and Uría Menéndez as legal adviser, with KPMG supporting throughout the due diligence process.