At exit, Provimi was a pure animal nutrition solutions business, positioned in the centre of the value chain, with innovative solutions at its core. With our backing, Provimi’s management team transformed the company from a group of decentralised businesses into an integrated and higher-performing international organisation…
Provimi
Together we achieved
- Growth in operations to 25 countries, across 5 continents, with more than 7,000 employees
- A strategic repositioning to create a pure-play animal nutrition business
- Margin expansion and excellent financial results, including continuous and strong EBITDA growth from 2007 to 2011
This was accomplished by
- Divesting non-core businesses, including the fish feed division, pet food business and operations in Greece and Australia
- Making strategic acquisitions in Columbia (Biovet) and Mexico (NASSA) to strengthen the geographical footprint
- Driving organic growth in Russia, Brazil and Asia
- Providing continued investment in product innovation, leading to the creation of specialised feed for cattle and sheep to reduce the release of methane during an animal’s digestion
The metrics
€1,721m
Transaction value
2007
Acquisition year
2011
Exit year
2.3x
Gross multiple
Cargill
Sale to