Davis-based, agriculture-oriented private equity fund AGR Partners LLC has cashed out of an investment in a New Zealand company, with the sale of its core dairy farm services business to a Swiss company in a deal valued at $98 million.
Tru‑Test Group, based in Auckland, New Zealand, has sold its milk meter and farm resources management divisions to Datamars, based in Lamone, Switzerland.
AGR made its original, mostly equity investment in Tru-Test in 2015, buying a minority interest, said Daniel…
