We advised INVL Sustainable Timberland and Farmland Fund II in acquiring seven companies from the agricultural business group Linas Agro Group for a total of EUR 13.6 million. The newly acquired companies indirectly own 2,000 ha of agricultural land.
The fund acquired 100% of the shares of the Latvian Zemvalda land management holdings group from Linas Agro konsultacijos. The latter is controlled by Lithuanian agricultural investment company Linas Agro Group. The land controlled by the acquired companies will be leased by the Linas Agro Group under a 25-year lease contract.
The fund’s first investment
Says Martynas Samulionis, a partner in the fund: “This is the first investment of the fund set up at the beginning of this month that meets our goals to consolidate the long-term portfolios of top-quality agricultural land and forests and manage them according to the standards of sustainable agriculture and forestry.”
It has been announced that the target size of the newly established INVL Sustainable Timberland and Farmland Fund II is EUR 100 million. The fund invests in sustainably managed forests and agricultural land in the Baltic Sea region and Central and Eastern Europe.