Investment manager

Del Monte joins forces with infrastructure investment manager

Fresh Del Monte Produce has partnered with independent global infrastructure investment manager I Squared Capital as part of its “Acceleration in the New Digital Age”.

By creating this partnership and investing in the I Squared Global InfraTech fund, Fresh Del Monte says it is taking a new step “by transforming itself into a digital avant-garde company with technological capabilities to further improve its products and customer satisfaction “.

The fund invests in innovative, growth-stage companies applying technology across various infrastructure sectors including logistics, supply chain and agriculture in the Americas, Europe and Asia.

Fresh Del Monte and I Squared Capital will share investment perspectives, seek to co-invest in certain transactions and offer general support by sharing research and learning in certain technological areas, including the Internet of Things (IoT), the energy storage and vertical agriculture.

“This partnership accelerates Fresh Del Monte into the new digital age through selective investments in infrastructure technology that will help reduce and / or eliminate bottlenecks in our supply chain, leading us to be more efficient”, said Mohammad Abu-Ghazaleh, President and CEO. Officer of Fresh Del Monte Produce.

“At the same time, we will also be able to develop additional capacities in-house for the expansion of the business. “

“We are very pleased to have Fresh Del Monte as a strategic investor in our Global InfraTech Fund,” said Kevin Crull, Managing Director and InfraTech Fund Partner at I Squared Capital.

“Agriculture and the global supply chain are undergoing tremendous innovation today and our partnership with Fresh Del Monte will help us research, control and support the growth of companies that apply proven technologies to make our world more efficient and sustainable ”.

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