Investment Summary

Virgo Investment Group and General Atlantic Invest In 80 Acres Farms

On January 15, 2019, private equity firm Virgo Investment Group and growth capital firm General Atlantic invested in agriculture company 80 Acres Farms

Investment Highlights
  • This is Virgo Investment Group’s 1st and General Atlantic’s 1st transaction in the Agriculture sector.
  • This is Virgo Investment Group’s 8th and General Atlantic’s 96th transaction in the United States.
  • This is Virgo Investment Group’s 1st and General Atlantic’s 1st transaction in Ohio.

Investment Summary

Date 2019-01-15
Target 80 Acres Farms
Sector Agriculture
Investor(s) Virgo Investment Group
General Atlantic
Deal Type Growth Capital

Target

80 Acres Farms

Hamilton, Ohio, United States
80 Acres Farms is an indoor farming pioneer providing customers with flavorful, and nutritious locally grown fruits and vegetables at affordable prices. 80 Acres Farms was founded in 2015 and is based in Hamilton, Ohio.

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Investor(S) 2

DESCRIPTION

Virgo Investment Group is an opportunistic alternative investment firm focused on investing in and providing credit to middle-market companies. The Firm was formed in 2009 and is based in Redwood Shores, California.


DEAL STATS #
Overall 9 of 13
Sector (Agriculture) 1 of 1
Type (Growth Capital) 7 of 11
State (Ohio) 1 of 1
Country (United States) 8 of 11
Year (2019) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-12 Superfly

New York, New York, United States

Superfly is a live entertainment company, multi-dimensional marketing agency, and co-creators of the iconic Bonnaroo and Outside Lands music festivals. Additionally, Superfly strategically helps brands establish and raise their profile through programming, design, digital, social, and experiential platforms. Superfly was founded in 1996 and is based in New York city.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-19 Bitcentral

Newport Beach, California, United States

Bitcentral is an innovator of news content production, automation, distribution, aggregation, and hassle-free video publishing solutions. Bitcentral has demonstrated a unique ability to develop and deploy revolutionary technologies for leading broadcasters. Bitcentral was formed in 2000 and is based in Newport Beach, California.

Buy -
Investor

General Atlantic

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1980
PE ASSETS 73.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

General Atlantic is a large private equity firm that invests globally in growth-oriented public and private companies. Broad areas of interest include financial services, media and consumer, healthcare, enterprise solutions, communications and electronics, and energy. General Atlantic looks to invest $40 to $400 million in transactions that support growth, expansions, buy-outs, consolidations and build-ups. General Atlantic seeks to make 8 to 12 investments per year with an investment horizon of five to ten years. The Firm's geographic coverage spans North America; Europe; Asia/Pacific; and India. General Atlantic was formed in 1980 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 210 of 339
Sector (Agriculture) 1 of 1
Type (Growth Capital) 87 of 128
State (Ohio) 1 of 1
Country (United States) 96 of 160
Year (2019) 1 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-14 Aroundhome

Berlin, Germany

Beko Käuferportal GmbH is an online portal in Germany that connects customers with a vendor network for consulting-intensive products and services for home improvement and financial services. The online service helps consumers obtain and compare offers from regional companies before making a major purchase. KäuferPortal announced its gradual expansion into the rest of Europe. Together with their partners, they now sell products and services worth EUR 500 million annually and employ more than 350 people in six locations across Europe.

Sell $161M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-16 powercloud

Offenburg, Germany

powercloud is a cloud-based SaaS platform focused on back-end billing and customer information processes for the utility industry. powercloud was founded in 2012 and is based in Offenburg, Germany.

Buy -