M&A Deal Summary

Temasek Holdings Acquires Rivulis

On December 14, 2020, sovereign wealth fund Temasek Holdings acquired agriculture company Rivulis from Paine Schwartz Partners

Acquisition Highlights
  • This is Temasek Holdings’ 1st transaction in the Agriculture sector.
  • This is Temasek Holdings’ 2nd transaction in Israel.

M&A Deal Summary
Date 2020-12-14
Target Rivulis
Sector Agriculture
Buyer(s) Temasek Holdings
Sellers(s) Paine Schwartz Partners
Deal Type Secondary Buyout

Target

Rivulis

Gvat, Israel
Rivulis is a provider of drip irrigation solutions for agricultural applications. Rivulis is based in Gvat, Israel.

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Buyer(S) 1

Buyer

Temasek Holdings

Investor Investor Investor Investor Investor

Category Sovereign Wealth Fund
Founded 1974
PE ASSETS 496.6B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Temasek Holdings is a state-owned investment holding company. Temasek is owned by the government of Singapore and invests directly and indirectly in a broad range of assets and sectors. Target sectors include financial services, telecommunications, media, technology, transportation, industrials, life science, consumer, real estate, energy, and resources. Temasek was formed in 1974 and is based in Singapore.

DEAL STATS #
Overall 28 of 32
Sector (Agriculture) 1 of 1
Type (Secondary Buyout) 4 of 5
Country (Israel) 2 of 2
Year (2020) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-16 Vinhomes

Ha Noi, Vietnam

Vinhomes is an integrated real estate developer with activities including developing, trading, and leasing residential, commercial, and industrial real estate and providing real estate management and related services. Vinhomes was founded in 2002 and is based in Ha Noi, Vietnam.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-17 Verily

San Francisco, California, United States

Verily develops tools and devices to collect, organize and activate health data, and creates interventions to prevent and manage disease. Verily is based in San Francisco, California.

Buy -

Seller(S) 1

SELLER

Paine Schwartz Partners

San Mateo, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1997
PE ASSETS 6.5B USD
Size Mega
Type Sector Focused
DESCRIPTION

Paine Schwartz Partners is a private equity firm specializing in sustainable food chain investing. The Firm targets control investments in the food and agriculture sectors and will consider opportunities globally. Paine Schwartz Partners was formerly known as Paine & Partners - and before that was part of Fox Paine & Co. Paine Schwartz Partners has offices in San Mateo, California and New York City.

DEAL STATS #
Overall 25 of 30
Sector (Agriculture) 4 of 8
Type (Secondary Buyout) 6 of 9
Country (Israel) 1 of 1
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-09 FoodChain ID

Fairfield, Iowa, United States

FoodChain ID is a provider of analytic testing, third-party certification, and consulting services to the agriculture and food industries. The company’s products are used for the testing of food and agricultural products to detect genetically modified organisms (GMOs) and to ensure compliance with national and international government regulations, client and trading partner demands, and consumer information needs. FoodChain ID was founded in 1996 and is based in Fairfield, Iowa.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-19 Verdesian Life Sciences

Cary, North Carolina, United States

Verdesian Life Sciences is a provider of plant health, inoculants, seed treatment, and nutrition. Verdesian’s plant-health products, nutritional catalysts, and seed treatments/inoculants help growers farm more efficiently to maximize yields. Verdesian Life Sciences was founded in 2012 and is based in Cary, North Carolina.

Sell -
Mergr

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