Strutt & Parker (Farms) sold to Robigus Limited
Strutt & Parker (Farms) Limited, one of East Anglia’s oldest and best known diversified farming businesses, with a history dating back more than 100 years across Suffolk, Essex and Cambridgeshire, has been sold to Robigus Limited for an undisclosed sum.
Robigus is operated in conjunction with Belport Limited, with finance provided by European investors.
Belport is a UK based investment and asset management company that specialises in the acquisition, development and strategic management of farms and estates.
Deloitte and Savills managed the sale process on behalf of Strutt & Parker (Farms).
Whilst the core of the business has been sold to Robigus, the company’s two anaerobic digestion subsidiaries, Euston Biogas Limited and S&P Biogas Limited, have been sold in a separate transaction to Foresight Group, a leading independent infrastructure and private equity investment manager.
Peter Tritton, company chairman, said: “Strutt & Parker (Farms) has earned an excellent reputation over its 100 year history as a leading, innovative and diversified agricultural business.
“This acquisition provides a significant opportunity for Robigus to further enhance and expand on their ambition to be at the forefront of British agriculture.
“My great grandfather and founding partner Edward Strutt would approve of the opportunities that increased investment under new ownership will provide.”
Charles Buckley of Belport added: “This is a company which has been at the forefront of agriculture for over 100 years and has evolved into a diverse farming and land based business.
“The entrepreneurial vigour afforded to the business by two great families and a loyal and supportive workforce, mirrors our vision for the future.”
Mills & Reeve LLP, the Cambridge head quartered legal firm, advised the company on the legal aspects of the sale. The purchaser was advised by Blake Morgan, Farrer and Co and KPMG.