Morrison & Foerster advised Pontifax Global Food and Agriculture Technology Fund on the deal.
Pontifax Global Food and Agriculture Technology Fund, a pioneering growth capital investor in food and agriculture technology, sold its ownership interest in Conservis, a company that integrates disparate farm technologies into one streamlined interface, to Rabobank, the premier global food and agriculture bank, and TELUS Agriculture, a global agriculture technology leader.
Conservis enables family and institutional farms to organize data from different sources, eliminate error-prone manual entries, create winning business plans, and confidently manage costs, production, and marketing throughout the entire year. Together, Rabobank and TELUS Agriculture bring their expertise, experience, and global presence to further develop the Conservis farm management platform, helping solve farmers’ data challenges, empower their decision-making, and create sustainable, profitable opportunities with other contributors in the food value chain.
Rabobank Group is a global financial services leader providing wholesale and retail banking, leasing, and real estate services in more than 38 countries worldwide.
TELUS Agriculture leverages technology and data to enable a better flow of information across the agriculture and food industry.
The MoFo team advising Pontifax AgTech was led by San Francisco corporate partner Suz Mac Cormac (Picture), together with corporate associate Michael Santos, San Francisco tax partners Maureen Linch and Bernie Pistillo.
Law Firms: Morrison & Foerster;