Farmers Edge closes recap transaction

Ted Liu

Farmers Edge Inc. has closed previously announced recapitalization transaction with Fairfax Financial Holdings Limited (TSX: FFH).

In December 2016, Fairfax entered into agreements with certain of Farmers Edge existing shareholders that would result in Fairfax Financial Holdings Limited (TSX:FFH), through certain of its subsidiaries, becoming a major shareholder in Farmers Edge. The transaction was slated to close by the end of Q1 of 2017.

Farmers Edge major investors include Osmington Inc., Kleiner Perkins Caufield & Byers, Avrio Capital, and Mitsui & Co.

In January 2016, Farmers Edge secured $58 million in funding from Mitsui & Co., Ltd., Kleiner Perkins Caufield & Byers’ Green Growth Fund and Osmington Inc.

photo credit: Zbysiu-Rodak