Agrova International has acquired Sunrise Eggs

Agrova International, led by its founder Jurijs Adamovičs, has acquired 100 percent of the shares in Sunrise Eggs, a UK-based egg production and distribution company. This acquisition significantly expands Agrova’s operational footprint and strengthens its position as a pan-European player in the egg and egg protein industry. The transaction was supported with funding from Accession Capital Partners (ACP), a growth capital provider with experience in the agriculture sector.

Agrova International is a European poultry and agri-foods group headquartered in Riga, Latvia, which invests in poultry and food production companies. The group holds a majority stake in APF Holdings, a vertically integrated agri-food group specializing in poultry farming, egg production and trading, as well as biogas and organic fertilizer production. APF Holdings includes Alūksnes putnu ferma (poultry and egg production), APF Trading (egg wholesale), Oluksne (production services), APF Energy (biogas and organic fertilizer) and Preiļu putni (young bird rearing). Founded in 2017, APF Holdings has become one of the leading poultry sector players in the Baltic region, offering innovative and sustainable products that meet high food quality, safety and animal welfare standards.

Founded in the late 1960s by Tony and Sheila Crawley, Sunrise Eggs is an independent family business based in the Leicestershire countryside. The company produces and packs around four million eggs each week, supplying major supermarkets, local retailers and food manufacturers nationwide. Sunrise specializes in shell-egg production sourced from its own farms and trusted partners and is widely recognized for quality, reliability and responsible farming.

ACP is investing from its fifth fund, AMC V SCA SICAV-RAIF, which closed at US$390 million in June 2024. The group has been active in Central and Eastern Europe since 2000 through offices in Vienna, Warsaw, Bucharest, Budapest, Prague and Luxembourg. To date, ACP has raised more than US$1.4 billion across five dedicated growth capital funds backed by institutional investors including the European Investment Fund, the International Finance Corporation, the European Bank for Reconstruction and Development and a broad base of banks, family offices, funds of funds, pension funds and insurance companies across Europe, the USA and Asia.

Oaklins’ team in Latvia acted as the lead M&A advisor to Agrova International, overseeing the full process from initial contact with the sellers through to the successful completion of the transaction.