Horizon Capital sells AgriBriefing to Mintec, sees 3x return on investment

• The firm will offer a set of proprietary data delivered via an SaaS platform
• Horizon made four international acquisitions and disposed a non-core division
• AgriBriefing’s subscriber base grew by three times during Horizon’s holding period

Horizon Capital has tripled its investment after the sale of its portfolio company AgriBriefing to Five Arrows Principal Investments-backed Mintec.

AgriBriefing, headquartered in London and with offices in the US and France, specialises in providing data on agri-food supply chains.

Horizon completed four international acquisitions and disposed a non-core division during its investment period. It also set up its presence in US and witnessed 3x growth in subscription revenues.

“The team at Horizon have been very active supporters of our business and collectively we have transformed a traditional media and events business into a premium PRA and market data specialist for the global agri-food sector,” said Rory Brown, CEO of AgriBriefing.

The merged Mintec and AgriBriefing group is expected to be the largest portfolio of agri-food commodity data assets and to be active in North America, Europe, and Asia.

The merged company will focus on the agri/food and FMCG end-markets and will offer a set of proprietary data including benchmark prices, price forecasts, cost modelling and market insights, through an SaaS platform.

Mintec, which provides global commodity price data, price forecasts and market intelligence for the food, CPG, and capital goods supply chains, is headquartered in Buckinghamshire.

Horizon is a private equity investor headquartered in London.

Five Arrows Principal Investments is the European corporate private equity business of Rothschild & Co. It is based in London, Paris and Luxembourg.