Avrio Capital backs management buyout of Axter Agroscience
Axter Agroscience Inc, a developer and marketer of foliar applied biostimulants and nutrient solutions used in farming, has completed a management buyout led by CEO Pierre Migner. The buyout was backed by Avrio Ventures LP II, a fund managed by Canadian venture capital firm Avrio Capital, and will enable Axter to enhance its market position and build on its customer base. Founded in 1981, the company has its headquarters in Mont St-Hilaire, Québec. In March, peHUB Canada reported on Avrio's plans to raise a new fund focused on investing in innovative agriculture and food companies. The Calgary-based firm is said to be targeting a raise of up to $125 million.
18 June 2014•2 mins read
