April 21, 2022

Sunridge Holdings sells Ontario Plants Propagation Limited to COFRA Holding AG

Goodmans LLP acted as counsel to Ontario Plants Propagation Limited (“OPPL”) and its major shareholder, Sunridge Holdings, a UK private equity firm, in connection with the sale of OPPL to COFRA Holding AG, a Swiss private equity firm.

Sunridge is a specialist agribusiness investment group and OPPL, having developed a sophisticated propagation process, is the leading supplier of high-quality starter plants for hydroponic and organic greenhouse growers in North America. The deal represented Sunridge’s first exit of an investment in Canada and was completed as a result of a competitive auction process.

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Clients note, "They have a good team of very experienced lawyers who know the process, " adding, "They have a good bench strength." — Chambers Canada
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One client noted, "...they handled a very complicated transaction involving many jurisdictions and did a very good job. They are always able to make comparative decisions through a relatively simple way and try to balance risk and find solutions." — Chambers Canada
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