Portfolio

At Aqua Capital we have invested and managed in more than 40 companies organized by platforms. The Aqua-managed funds employ more than 8400 people and with combined revenues, we are top 40 in Ag & Food in Brazil, a global powerhouse.

At Aqua Capital we build diversified, resilient portfolios in upstream, downstream and services, while also providing access to Ag & Food technology and innovation as well as sustainable themes. 

FUND III
FUND II
FUND I

FUND III

Fund III

Solubio

Sector:

On-farm Biological Services

Add-Ons:

Solubio is the leading provider of On-farm Biologicals services in Brazil. The company supports growers on the production of Biologicals at the farm level, furnishing them with the structure and inputs, backed by an unparalleled customer support team. By outsourcing the bulk of the production process, Solubio can reduce the cost of biological solutions by up to 70% versus conventional off-the-shelf alternatives for growers.

Fund III

Novus Ag

Sector:

Ag inputs retailer

Add-Ons:

Novus is a unique growth platform that provides inputs and value-add services, such as product application and agronomic advice. It operates a disruptive franchise model which enables the company to attract top-tier store owners and gain market share by providing superior services, while creating high dependance and stickiness. Focused on small and mid-sized growers, Novus operates in the US Midwest region, one of the largest and most attractive corn and soy growing areas in the world, with well capitalized and insured growers of high credit quality.

FUND II

LISTED IN BOVESPA

Fund II

AgroGalaxy

Sector:

Ag inputs retailer and distributor

Add-Ons:

Geodata, Agro Ferrari,  Sementes Campeã, Boa Vista, Ferrari Zagatto, Agrocat

Leading independent ag inputs retailer and grain handling platform, covering 8.5m hectares and operating in nine Brazilian states. Unique geographic footprint, strong grain origination capabilities and direct access to farmers. Diverse portfolio serving over 21,000 clients, with a focus on soybean, corn, wheat, and coffee.

INVESTMENT CASE

PARTIALLY DIVESTED

Fund II

Biotrop

Sector:

Biological Ag inputs

Add-Ons:

Total Bio

A leading innovator in the biopesticides market. Focuses on the development of high-tech biological inputs for crops. Strong product portfolio. Research and development of innovative, value-added solutions that contribute to a healthier, more sustainable agriculture. Crop protection and nutrition, nutrient solubilizers, plant growth and resistance, and biological management.

INVESTMENT CASE

DIVESTED

Fund II

Yes

Sector:

Feed additives

Add-Ons:

A feed additives biotech company serving the domestic market and exporting to 35 countries worldwide. A leading biotechnology company developing innovative animal feed additives solutions, providing natural and antibiotic-free solutions enhancing animal nutrition and health.

Fund II

Ultracheese

Sector:

Consumer foods

Add-Ons:

Lac-Lelo, Cruzilia, Búfalo Dourado, Itacolomy

Platform for cheese roll-up strategy, with state-of-the-art industrial facilities with capacity to increase output and a well-developed and efficient distribution network. A complete product portfolio, covering most of the highest margin segments and distributing commodity cheeses nationwide.

Fund II

Rech Agricola

Sector:

Ag machinery distributor

Add-Ons:

Verde Agrícola, Rech Tratores, Telmac, Tractor Parts

Leading Ag and construction machinery parts distributor focused on higher value-added parts for grain combines, planters, and cotton pickers. It has top-notch domestic and international supply chains and an efficient distribution network, and an innovative ecommerce platform.

Fund II

VetBR

Sector:

Animal health distributor

Add-Ons:

Alfa, Gretha, VetLider

A leading animal health distributor operating in the livestock and pet segments in the Southeast of Brazil. The company distributes a complete portfolio of animal health products and pet food from first-tier suppliers through a strong commercial force and best-in-class technical assistance to producers.

DIVESTED

Fund II

Puravida

Sector:

Health and wellness

Add-Ons:

Tradal and puravida Academy

A Health & Wellness (H&W) foodtech leader in Brazil, providing a wide range of healthy clean label foods, supplements and vitamins based on a highly appealing lifestyle-focused branding concept. Vertically integrated, Puravida’s sales are centered in a thriving DTC e-commerce platform and supported by a multichannel go-to-market approach. It also owns one of the largest H&W e-learning platform in Brazil.

INVESTMENT CASE

Fund II

Aderezos

Sector:

Table Sauces

Add-Ons:

A traditional and well-known natural sauces brand in Colombia with a compelling value proposition capturing demand for diverse natural sauces and condiments enriching food experience. With over 50 flavors and 200 SKUs, the company stands out among its competitors and strategically positions itself as the market shifts towards healthier consumption and lifestyle

FUND I

DIVESTED

Fund I

Fertiláqua

Sector:

Specialty fertilizers

Add-Ons:

Spray Farm – Dimicron

A specialty fertilizer company offering a competitive portfolio of high-value foliar fertilizers, seed treatment solutions and biostimulants for a wide array of crops, fruits, and vegetables.

INVESTMENT CASE

DIVESTED

Fund I

Comfrio

Sector:

Logistics

Add-Ons:

Stock Tech – Best Way

The leading controlled-temperature logistics platform in Brazil. With over one million cubic meters in total storage capacity (cold, refrigerated, and dry) across 28 sites operating throughout the country, it offers value-added solutions to food industry, seed, and food service clients nationally, out of company-owned, leased, and client-owned distribution centers.

Fund I

GeneSeas

Sector:

Aquaculture

Add-Ons:

Dellmare – Tropical

A leading integrated fish producer, processor, and distributor with a focus on tilapia and shrimp. Operating throughout the tilapia value chain and exporting from to the US mainly through Tropical, its US based fish distribution platform. A differentiated and leading shrimp distributor. GeneSeas developed the first antibiotic-free tilapia product in Brazil.

DIVESTED

Fund I

Grand Cru

Sector:

Wine retail and distribution

Add-Ons:

Largest specialized retailer and one of the largest distributors of imported wines in Brazil, with top-of-mind brand recognition. Operating across the entire value chain, sourcing its products from wineries around the globe and selling to its clients through a diversified channel mix. Digital, own-stores, franchised stores and B2B. It operates a wine-club model with high membership growth and industry-leading economics

Fund I

Aquafeed

Sector:

Animal nutrition

Add-Ons:

Client-first business with a service-based model driven by one-stop-shop nutrition approach providing technical sales support and seamless logistics delivery solutions. Introducing high-value products to improve fish farming performance. Continuous development of new feed with higher digestibility and conversion efficiency. Geneseas and Aquafeed have a joint R&D program to develop high-quality feed, customized for each fish growth stage.