SEMCAP Food & Nutrition Welcomes Fresh Del Monte as an Anchor Investor
13 Marzo 2024 - 7:00AM
SEMCAP Food & Nutrition (SEMCAP) is pleased to announce the
addition of Fresh Del Monte (NYSE: FDP) as a key partner and
investor in the first closing of the firm’s inaugural Food &
Nutrition investment strategy. Having launched the Food &
Nutrition platform in 2021, the SEMCAP Food team executed three
transactions prior to the launch of the Fund in Q4 2023. SEMCAP was
pleased to partner with Fresh Del Monte on two of those three
investments in Purely Elizabeth and Good Culture – both of which
are experiencing rapid growth, are leaders in innovation and
sustainability and have since become household names. Fresh Del
Monte is also a strategic investor in SEMCAP’s next transaction
which will be announced in the coming weeks.
Mohammad Abu-Ghazaleh, Chairman & CEO of Fresh
Del Monte, commented: “At Fresh Del Monte, we are fueled by
innovation, sustainability, and our ongoing mission to nourish
millions across the world with healthful foods. By further
cementing our partnership with SEMCAP and supporting the launch of
their fund, we can help identify and support the next generation of
innovative food brands. By collaborating with like-minded
organizations such as SEMCAP and innovative food brands, we can
leverage our strengths and resources to create a meaningful impact
across the food supply chain.”
SEMCAP is also pleased to welcome several other
prominent investors and operators from the food and agricultural
sectors as well as a number of prominent family offices. SEMCAP is
grateful to have the support of all the investors that have
participated in its Food & Nutrition strategy as it continues
to invest in innovative food companies that support sustainable
modern health and a better future for food.
SEMCAP was launched in 2020 by Walter “Buck”
Buckley and Cyrus Vandrevala and has three divisions under its
purview – food, health and education – which represent sectors that
have a meaningful impact on humanity and are ripe for investment
and disruption. “Consumers are fueling a massive food revolution,
characterized by shifting food preferences and values among younger
generations and a growing belief that food significantly impacts
our health. We are thrilled to be part of this seismic shift, by
identifying and helping to build the food and nutrition brands of
the future,” said Buckley, SEMCAP Co-Founder and Managing
Partner.
The Food & Nutrition investment group is led by
John Haugen, Kate Storey and Ryan Newcom with offices in Canada and
the U.S. The fund invests in environmentally sustainable,
high-growth businesses with over $25 million in revenue that have
category leading products that have achieved proof of concept and
evidence of scale. Haugen and Newcom are seasoned business
operators, having run several General Mill’s brands, large business
units and General Mill’s investment arm, 301inc. SEMCAP seeks to
drive accelerated growth and outsized returns for investors, by
leveraging its decades of operational expertise, and proven growth
strategies across all business functions (i.e. marketing,
operations, supply chain, logistics, innovation, commercial and
cross-border synergies).
“With Fresh Del Monte’s support in the first close
of our investment strategy, we can focus on truly following the
consumer,” Haugen said. “We can reimagine where the food system is
going and make investments that I think can drive great returns for
our shareholders, and also create a really positive impact on the
future of food.”
Fresh Del Monte is one of the world’s leading
producer, distributor and marketer of fresh fruits and vegetables,
dedicated to providing wholesome, convenient foods to millions
across the world. Fresh Del Monte produces a wide variety of fruits
and vegetables that are sold in more than 90 countries. SEMCAP and
Fresh Del Monte share underlying deeply ingrained values around
making fresh, healthy food accessible to all, as well as a focus on
sustainable growing practices, reducing emissions and waste and
supporting regenerative agriculture practices.
ABOUT SEMCAP FOOD &
NUTRITION
SEMCAP Food & Nutrition invests in remarkable
food companies that support sustainable modern health and a better
future for food. Led by a highly skilled investment team with deep
operating and investing experience in consumer packaged goods, the
team provides unique deal insight and support for strategic
partnering and enhanced growth. SEMCAP Food & Nutrition
partners with companies whose products emphasize organic, natural,
non-GMO, and plant-based foods as well as efficient supply chain
and delivery and low-waste packaging. SEMCAP Food & Nutrition
is one of SEMCAP’s three platforms – health, education, and
food. SEMCAP is a growth equity company committed to investing
behind seminal trends in these sectors that have the greatest
impact on humanity.
ABOUT FRESH DEL MONTE
Fresh Del Monte Produce Inc. (NYSE: FDP) is one of
the world’s leading vertically integrated producers, marketers, and
distributors of high-quality fresh and fresh-cut fruit and
vegetables, as well as a leading producer and distributor of
prepared food in Europe, Africa, and the Middle East. Fresh Del
Monte Produce Inc. markets its products worldwide under the DEL
MONTE® brand (under license from Del Monte Foods, Inc.), a symbol
of product innovation, quality, freshness, and reliability for over
135 years. The company also markets its products under the MANN™
brand and other related trademarks. Fresh Del Monte Produce Inc. is
not affiliated with certain other Del Monte companies around the
world, including Del Monte Foods, Inc., the U.S. subsidiary of Del
Monte Pacific Limited, Del Monte Canada, or Del Monte Asia Pte.
Ltd. Fresh Del Monte Produce Inc. is the first global marketer of
fruits and vegetables to commit to the “Science Based Targets”
initiative. In 2022 and 2023, Fresh Del Monte Produce was ranked as
one of “America’s Most Trusted Companies” by Newsweek based on an
independent survey rating companies on three different touchpoints,
including customer trust, investor trust, and employee trust. The
company was also named a Humankind 100 Company for two consecutive
years by Humankind Investments, which recognizes companies that
substantially impact areas such as access to food and clean water,
healthcare, and digital services. Fresh Del Monte Produce Inc. is
traded on the NYSE under the symbol FDP.
This release is provided for informational
purposes only, and does not constitute investment advice, a
recommendation or an offer or solicitation to purchase or sell any
securities to any person in any jurisdiction in which an offer,
solicitation, purchase or sale would be unlawful under the
securities laws of such jurisdiction. This material may contain
estimates and forward-looking statements, which may include
forecasts and do not represent a guarantee of future performance.
This information is not intended to be complete or exhaustive and
no representations or warranties, either express or implied, are
made regarding the accuracy or completeness of the information
contained herein. The views expressed are as of March 1, 2024 and
are subject to change without notice. Reliance upon information in
this material is at the sole discretion of the reader. Investing
involves significant risks.
©2024 Seminal Capital Holdings, LLC. All rights
reserved. SEMCAP is a trademark of Seminal Capital Holdings,
LLC.
Media contact:Michelle
Musburgermichelle@musburger.com773.230.0629
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