Camposol files for US$450 million IPO

Source: Fresh Plaza

Camposol Holding, based in Lima, is a vertically integrated Peruvian supplier of global off-season produce. This Monday, it filed to raise up to $450 million in an initial public offering (IPO) with the SEC. The company plans to dual list on the Lima Stock Exchange.  

Camposol is a global provider of fresh produce with farming facilities in Peru, Colombia, Chile, and Uruguay. The location of Camposol’s fields allow them to produce year-round, shipping to international markets when supply is low. The company currently sells its produce to over 40 countries and to five of the top ten global food retailers. Among its core products are blueberries, mangoes, avocados, tangerines, and grapes.

The company was founded in 1997 and booked $343 million in sales for the twelve months ended December 31, 2020. It plans to list on the NYSE under the symbol CMSL. The joint bookrunners on the deal are BofA Securities, UBS Investment Bank, J.P. Morgan, Scotiabank and Santander. No pricing terms were disclosed.