Three Hills announces inaugural transaction from its new impact strategy marking an investment in Spanish AgriFood Tech leader Hispatec
Summary
Hispatec has developed its suite of products in response to the evolving needs of the local agriculture market, and while its largest presence remains in Spain, it has expanded its reach globally over the past five years and serves more than 600 clients worldwide, with a notable and growing footprint in Latin America. The Companys mission is to increase the efficiency and sustainability of agricultural production, as well as industrial transformation and distribution, which aligns closely with Three Hills own impact thesis, centred on the belief that there is a lockstep between generating environmental and/or social value and positive financial growth.From meeting the growing global demand for produce, to the increased traceability demand by consumers and regulators, as well as a push for more sustainable products, the market tailwinds for software solutions such as Hispatecs are vast and ever-growing. Three Hills will work closely with Hispatecs management and CEO, Jos\xe9 Luis Molina, to drive growth through new product development based on these global trends, as well as through strategic M&A notably to support geographic expansion. The Company has already entered into an exciting joint venture in Chile, and the Latin American market overall represents an untapped opportunity for Hispatec, with speciality crops generating an output of more than USD 150 billion per year on a standalone basis.Marco Anatriello, Partner at Three Hills, commented: We are thrilled to embark on this new chapter with Hispatec, whose profound sector expertise and innovative product portfolio make it one of the most promising companies in the global AgriFood Tech market. The diverse array of growth opportunities identified, ranging from product streamlining to market expansion in Latin America, align with our vision of creating a lasting impact on the AgriFood Tech sector.