Renaissance Partners and TPG Rise Climate have entered into a binding agreement to jointly acquire a controlling stake in SICIT, a leading producer of biostimulants for sustainable agriculture, aiming to propel the Company into its next phase of growth and international expansion.

Target Information

SICIT Group S.p.A. ("SICIT" or "the Company"), founded in 1960 and based in Chiampo, Vicenza, stands as a global leader in the biostimulants industry. The Company specializes in converting leather industry waste into high-value products for sustainable agriculture. Operating under a fully circular business model, SICIT focuses on producing biostimulants that enhance nutrient efficiency and crop resilience, alongside plaster retardants and biofuel fats. With over 90% of its revenue generated from international markets, SICIT caters to leading agrochemical companies and maintains a strong emphasis on research and development, innovation, and quality control.

Since Renaissance Partners acquired a significant stake in SICIT in 2021, the Company has experienced remarkable growth, doubling both revenues and EBITDA. The anticipated joint acquisition by Renaissance Partners and TPG Rise Climate will further accelerate SICIT’s growth trajectory, as strategic investments continue to enhance production capabilities, particularly with the planned launch of a new production facility in Mexico.

Industry Overview

The sustainable agriculture industry, particularly in Italy, has witnessed significant growth in recent years, spurred by increasing demand for environmentally friendly farming solutions. The shift towards sustainable practices reflects a global trend, driven by both re