Eversheds Sutherland has advised Accession Capital Partners on the financing for Agrova International's acquisition of Sunrise Eggs. Higgs reportedly advised Agrova International. Gateley reportedly advised the sellers.
Sunrise Eggs is a UK-based egg production and distribution business.
Agrova International is a Latvian poultry and agri-foods group.
According to Eversheds Sutherland, the transaction value was approximately EUR 40 million. The acquisition marks Agrova International’s first international expansion and establishes the group’s entry into the UK market through the purchase of a vertically integrated egg producer supplying major UK retailers and food manufacturers. The acquisition was supported by Accession Capital Partners, acting through its fifth fund, AMC V SCA SICAV-RAIF, via a warranted mezzanine financing structure combining debt and equity instruments.
The Eversheds Sutherland team included Senior Partner Maris Vainovskis, Partner Anete Marhele, and Senior Associates Karlis Jekabs Ivans and Sabine Vilka.
