Mediterrania-Backed Técnicas Sanjorge Acquires AgroProtectors

BARCELONA & HUELVA — Técnicas Sanjorge (TSJ), the lead operating platform of the sustainable agricultural solutions group backed by mid-market private equity manager Mediterrania Capital Partners (MCP), has acquired 100% of Barcelona-based crop protection specialist AgroProtectors.

Coinciding with the acquisition, the platform announced the official launch of Grovium, a unified umbrella corporate identity consolidating TSJ and its acquired subsidiaries: Coflor (agricultural substrates and coconut fiber), Requasur Levante (RQA) (irrigation infrastructure and water management), and AgroProtectors.

Revenue Trajectory & African Expansion Footprint

The transaction underscores the rapid international scaling of MCP’s agricultural consolidation strategy:

• Revenue Growth Projection: Group net revenues are projected to expand from €23.0 million (~$24.9 million) in 2023 to €45.0 million (~$48.7 million) by fiscal year 2026.
• International Revenue Share: Cross-border sales have increased from 16% to 36% of total group turnover since MCP’s initial buy-in.
• African Market Dominance: Driven by MCP’s local operational presence across North and Sub-Saharan Africa, Africa now accounts for 63% of total international sales, representing a 3x growth in sales volume on the continent since July 2023.
• Global Distribution Reach: AgroProtectors brings a commercial distribution footprint spanning 21 countries across four continents.

Platform Integration & Product Offering

Grovium operates as an end-to-end turnkey provider for commercial farm operations, ranging from local family farms to large multinational agri-food enterprises:

• Product Range: Integrates high-tech protective crop netting (anti-bird, anti-insect, anti-hail), fruit orchard shade and trellising systems, forestry tree guards, hydroponic cultivation systems, and automated drip irrigation infrastructure.
• Corporate Structure: All underlying operating entities, TSJ, Coflor, RQA, and AgroProtectors, will maintain their distinct commercial trading names while operating under the consolidated Grovium umbrella.
• Advisory Syndicate: One to One Corporate Finance served as financial advisor on the transaction, Mazarsperformed financial due diligence, and Pinsent Masons acted as legal counsel.

Executive Statements

"Joining Grovium allows us to offer our customers a much more comprehensive proposition and to take a leap forward in our growth, backed by a group with industrial capabilities, an international presence and a shared vision of what the agriculture of the future should be," stated Octavi Bisquert, General Manager of AgroProtectors. "I will remain fully involved in the project, with the same enthusiasm with which we built AgroProtectors."

"AgroProtectors completes our offering with a product family our customers had been asking for and opens up new markets for us, particularly in Latin America," added Edesio Caamaño, Founder and General Manager of Técnicas Sanjorge. "With Grovium, we are taking a further step towards our goal of being the go-to supplier for farm owners, advising and supporting them to meet their needs with more efficient and sustainable solutions."

"When we invested in Técnicas Sanjorge, we saw the opportunity to build, from a company with a great team and a unique model, a group with the scale needed to compete and become an innovative and sustainable international leader," commented Daniel Viñas, Senior Partner at Mediterrania Capital Partners. "In three years, we have doubled its size and multiplied its presence abroad, especially in Africa, where our local network has allowed us to open doors and support the team on the ground."

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