International Fruit Genetics, LLC Asset Profile

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Year established

2001

Location

Bakersfield CA US

Primary Industry

Agribusiness

About

Founded in 2001 by David Cain, Jack Pandol, Glen, and Craig Stroller, and based in California, US, International Fruit Genetics, LLC (IFG) operates as a fruit breeding company. The company holds 47 patented table grape vines varieties, cherry trees varieties, and a significant number of licensed hectares to growers across 15 countries. In March 2022, Special New Fruit Licensing Limited agreed to acquire International Fruit Genetics, LLC for EUR 1.6 billion. As of 2022, Andy Higgins is the CEO of the company. The company focuses on developing non-GMO fruit varieties in the table grape and cherry industries. The firm grapes and cherry products include Sweet Surrender™, Sweet Sunshine™, Sweet Celebration™, Sweet Romance™, Funny Fingers™, Sweet Sapphire™, Torch™, Julep™, Bebop™, Cheery Grand™, Cheery Burst™, Cheery Crunch™, Cheery Blush™, Cheery Glow™, Cheery Moon™, and more. The organization plans to launch a new facility called Fruitworks, The IFG Discovery Centre for research and development headquarters in CA. The facility includes a new lab, greenhouses, and other business support buildings, and the construction is expected to be completed in 2022, and the company's March 2022 acquisition is also expected to be completed in the fourth quarter of 2022.

Current Investors

EQT, Paine Schwartz Partners, AM Fresh Group

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Primary Industry

Agribusiness

Sub Industries

Crop Production

Website

www.ifg.world

Company Stage

Mature - Buyout

Total Amount Raised

Subscriber access only

Deals

Deals Type
Buyout
Merger

Deal Status	Target (s)	Deal Date	Investor(s)	Seller(s)	Deal size (Mn)	Enterprise value (Mn)	Post-money valuation (Mn)	EBITDA multiple (x)	Revenue multiple (x)	Lead partner (s)
Completed	International Fruit Genetics, LLC	08 Mar 2022
Completed	International Fruit Genetics, LLC, Special New Fruit Licensing Limited	08 Mar 2022

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