Walkers Global acted as Cayman Islands counsel to Pure Harvest Smart Farms in relation to its US$180.5 million fundraising in order to support its global expansion.
Pure Harvest Smart Farms, a world-leading, sustainable technology-enabled agribusiness headquartered in the United Arab Emirates, raised USD $180.5 million in their latest growth funding round.
The financing was embraced by a consortium of key global investors, including Metric Capital Partners, UK, IMM Investment Corp, Korea, and Olayan Group, KSA, joined by several existing investors and management.
Citigroup served as exclusive financial advisor to Pure Harvest.
The company will utilize the capital, together with various forms of debt financing, to invest in research and development, to expand its footprint across the GCC, and to open new markets in Asia.
Pure Harvest is an innovator in sustainable agriculture and focuses on producing greenhouse fruits and vegetables in the arid conditions of the Arab Gulf region using world-leading Dutch greenhouse growing technologies in order to maintain year-round production of affordable, premium quality fresh produce.
The Walkers’ team was led by Dubai partner Daniel Wood (Picture) and senior associate Reghard Smith.
Involved fees earner: Reghard Smith – Walkers Global; Daniel Wood – Walkers Global;
Law Firms: Walkers Global;
Clients: Pure Harvest Smart Farms;
Source: globallegalchronicle.com
