Solum Partners has finalized its majority investment in Greenyard, marking one of the most significant private transactions in the European produce sector in recent years. The announcement comes after Greenyard’s delisting from Euronext Brussels in September, following a takeover bid at €7.40 per share that valued the company at approximately €380 million.
Greenyard, founded in 1983 by Hein Deprez in Flanders, has grown into one of Europe’s most significant platforms for fresh, frozen, and prepared produce, with annual revenue exceeding €5 billion. The company spans the entire produce supply chain, including sourcing, logistics, ripening, packing, distribution, and category management. Greenyard maintains relationships with more than 10,000 growers and serves leading European retailers through operations in 25 countries.
The transition to private ownership, completed in partnership with Greenyard’s founding Deprez Family, is expected to give the business greater flexibility to pursue long-term investments in infrastructure, supply chain modernization, digital capabilities, and sustainability initiatives. Solum Partners, which manages over $2 billion in assets and focuses on vertically integrated food and natural capital enterprises, stated that the move positions Greenyard to meet rising demand for healthier diets, fresh food, and resilient supply chains across Europe.
Greenyard will continue operating with its existing leadership team, maintaining continuity for customers and grower partners. The company has also completed the integration of multinational farming operations across both hemispheres, expanding its upstream sourcing capabilities and strengthening its access to strategically essential production regions.
Solum Partners emphasized its goal of accelerating Greenyard’s strategic roadmap by supporting investments in logistics, digital innovation, and sustainable agriculture. Greenyard’s leadership noted that the partnership aligns with its long-term philosophy and the structural growth trajectory of the produce sector.
KEY QUOTES:
“This investment reflects our conviction that vertically integrated, technology-enabled food supply chains are essential to serve increasingly complex global food markets.”
“The transition to private ownership enables Greenyard to pursue long-term capital investment, supply-chain modernization and sustainability initiatives in ways that are more difficult to execute within public markets.”
Daniel Sachs, Head of Investments at Solum Partners
“We were looking for a partner who shares both our long-term philosophy and our conviction in the structural growth of our sector. Solum Partners brings not only capital, but deep operational experience and a strategic understanding of global food systems.”
“Together, we believe Greenyard is uniquely positioned to benefit from rising demand for fresh food, healthier diets and more resilient supply chains.”
Hein Deprez, Founder and Executive Chairman of Greenyard
