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Clifford Chance acts for lenders on Ploeger Oxbo's strengthening of shareholder base

5 October 2018

Clifford Chance acts for lenders on Ploeger Oxbo's strengthening of shareholder base

Manufacturer of specialty agricultural equipment Ploeger Oxbo Group has attracted NPM Capital as a new major shareholder (40%) to support its long-term growth strategy. This strategy is aimed at bolstering innovation and product development to further strengthen Ploeger Oxbo’s leading position in its worldwide niche markets.

The current group was formed in 2011 in a merger between Netherlands-based Ploeger and US-based Oxbo. Over the past decades, the companies have expanded rapidly as a result of autonomous growth and acquisitions. From a strong position in harvesters for corn, beans and peas the product range has been expanded to equipment for crops like potatoes, berries, coffee, olives and grapes and to self-propelled windrow mergers, sprayers and fertilizer applicators. Ploeger Oxbo has a leading position in these niche markets and operates in 40 countries on all continents. Over the past months both Ploeger Oxbo and NPM Capital have developed a shared vision on the strategic direction of the company. The participation in Ploeger Oxbo Group fits NPM Capital’s focus on the agri-tech sector. The founders of the group in 2011, Synergia Capital Partners, VDL Participatie and via Bolster Investment Partners, will also participate in the future set-up.

Clifford Chance has acted for the lenders on this transaction. The team was led by Titus de Vries and furthermore consisted of Nienke van Stekelenburgh, Herman Steinvoort, Florentine Wagtendonk and Lisa Ye in Amsterdam, while Nolan Groenland and Robin Houtveen assisted on Tax matters (Amsterdam) and Daniel Winick, Helen Hwang and Shayona Dhanak assisted from New York.