Bridgepoint taps HSBC to prepare sale of agrochemical firm Rovensa – sources
LONDON/FRANKFURT/MADRID (Reuters) – Bridgepoint has been sounding out possible bidders for its Portuguese agrochemical company Rovensa ahead of an auction process early next year that could raise about 800 million euros (£687.26 million), five sources told Reuters. The European private equity fund has hired HSBC to handle the so-called pre-marketing talks for the Lisbon-based crop protection company which was previously known as Sapec Agro, the sources said, speaking on condition of anonymity. Several private equity investors have already come forward for the business which also provides fertilizers such as micronutrients and biostimulants, the sources said.