Clearwater International advise on IPO of Danish agricultural business – FirstFarms

Clearwater Advisor

FirstFarms was established in late 2004 and made its first investment in Slovakia in 2005. The initial investment was followed by larger investments used in the refurbishment of buildings and machinery.

The business is focused on milk production and in 2006 the yearly production was 11,000 tons.

The funding from the IPO will be used for further investment and upgrading of production facilities. the IPO created approximately 2,500 new investors and a capital gain of €65m.