Founded in Chiampo, Vicenza, Italy, in 1960, Sicit is today one of the global leaders in the production of biostimulants. The company follows a circular business model, transforming residues from the leather industry into high-value added products for sustainable agriculture. It serves B2B clients globally, with exports accounting for over 90% of its revenues.

Against the backdrop of rising demand for sustainable agricultural solutions, Sicit plans to increase production and to expand its client base during its next phase of growth. Upcoming steps include commissioning a new production plant in Mexico and developing an early-stage line of vegetable and plant-based products.

André Aubert, Partner at LGT Capital Partners, said: “Sicit is one of the market leaders in the circular economy and has performed strongly over the past four years. We are pleased to support it in its next phase of growth and to partner with Renaissance Partners once again. We completed our first investment with the firm in 2016 and have maintained a strong relationship with it ever since. We look forward to pursuing further opportunities in the Italian market.”

LGT Capital Partners has been investing in the secondaries market for over 20 years, with more than 450 transactions completed to date. The Secondaries team has dedicated investment professionals in offices in Pfaeffikon (Zurich area), London, New York, Hong Kong and San Francisco, and it can leverage the capabilities of LGT Capital Partners’ overall Private Markets investment teams, which comprise a total of more than 100 individuals.