BCI's consortium has successfully invested A$2.5 billion in Costa Group, a leading Australian agribusiness known for its innovative produce and extensive international operations.

Target Information

In 2024, BCI’s Infrastructure & Renewable Resources (I&RR) team made a significant move by investing in Costa Group, a prominent global entity focused on the growth, packaging, and marketing of fresh fruits and vegetables, headquartered in Australia. This take-private transaction, involving a consortium of BCI, Paine Schwartz Partners, and Driscoll’s, valued Costa at approximately A$2.5 billion, aligning with BCI’s strategy of geographic and sector diversification. With a legacy of over 120 years, Costa Group has fortified its position within Australia’s agricultural sector, particularly in the areas of berry production and the development of innovative plant varieties.

Costa Group operates on a vast scale, managing around 8,000 hectares of farmland, alongside 40 hectares of glasshouse facilities and three mushroom production sites across Australia. The company also engages in majority-owned joint ventures in Morocco and Asia, encompassing about 750 hectares of planted land. With a workforce exceeding 10,000 employees, Costa Group leads in five primary categories: berries, mushrooms, glasshouse-grown tomatoes, citrus, and avocados.

Industry Overview

The agricultural industry in Australia is characterized by its diverse climate and rich soil, enabling the cultivation of a wide range of high-quality produce. As one of the leading agricultural producers globally, Au