Provimi

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…

UK

Realised

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

www.provimi.com

The metrics

€1,721m

Transaction value

2007

Acquisition year

2011

Exit year

2.3x

Gross multiple

Cargill

Sale to