Biological crop protection company Bioline AgroSciences has been acquired by European investment group Eurazeo.

Bioline AgroSciences says Eurazeo has become the principal shareholder, through the Eurazeo Planetary Boundaries Fund (EPBF). There were no financial details in the release.

“Joining EPBF will significantly enhance our positive impact,” said Ludwik Pokorny, CEO of Bioline AgroSciences. “This collaboration provides the financial support, expertise and strategic guidance Bioline needs to continue innovating, expanding, and strengthening its environmental and business objectives.”

Eurazeo has €35.5 billion in diversified assets under management, including €25.2 billion on behalf of institutional and retail clients through its private equity, private debt, real estate and infrastructure strategies.

Bioline AgroSciences operates six bio factories across the US, UK, France, Spain and Kenya and primarily serves high-value crops such as berries, flowers, ornamentals, fruits and vegetables.