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December 02, 2021

Paine Schwartz, Co-Investors Acquire 50 Pct. Stake in Hendrix Genetics

By Lynda Kiernan-Stone, Global AgInvesting Media

Building on its long history of partnering with founder or family-owned companies,
Paine Schwartz Food Chain Fund V (Fund V) has entered into an agreement to acquire a 50 percent stake in Hendrix Genetics, along with its affiliated co-investors.

In connection with the transaction, investment firm NPM Capital, which has been a shareholder in
Hendrix Genetics since 2015, will sell its minority interest, and co-founders of the company, Thijs
Hendrix and Antoon van den Berg, will maintain ownership of the remaining 50 percent of the company.

“This strategic investment in Hendrix Genetics is directly aligned with our long-term thesis of identifying
companies that sustainably increase productivity in the production of agriculture commodities, which is
required to feed an ever-growing global population,” said Kevin Schwartz, CEO, Paine Schwartz. “We
are pleased to be joined in this investment by co-investors who also recognize the significant value
creation opportunity ahead for Hendrix Genetics and its data and technology-enabled breeding

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