Camposol Holding, a vertically integrated Peruvian supplier of global off-season produce, withdrew its plans for an initial public offering on Monday. It originally filed in April 2021 with a proposed deal size of $450 million. The company had planned to dual list on the Lima Stock Exchange.
Camposol is a global provider of fresh produce with farming facilities in Peru, Colombia, Chile, and Uruguay. The location of Camposol's fields allow them to produce year-round and sell into international markets when supply is low. The company currently sells its produce to over 40 countries and to five of the top ten global food retailers. Core products include blueberries, mangoes, avocados, tangerines, and grapes.
The Lima, Peru-based company was founded in 1997 and booked $364 million in sales for the 12 months ended March 31, 2021. It had planned to list on the NYSE under the symbol CMSL. BofA Securities, UBS Investment Bank, J.P. Morgan, Scotiabank, and Santander were set to be the joint bookrunners on the deal.
