Biobest Group, an integrated pest management strategies and biocontrol, agreed to acquire an 85% stake in Biotrop Participações, a biotechnology company, from private equity firms Aqua Capital and GIC, in a €532m deal. ”Biotrop is a one-of-a-kind company, as a market leader driving change towards the use of biologicals in agriculture and delivering high margins. It has been an amazing journey, where in six years of ownership, we have been able to create a leading platform in this fast developing domain, driving sustainability and profits. In the process, we have partnered with amazing individuals led by CEO and co-founder Antonio Zem and a world-class institution such as GIC. Biotrop could not have found a better home than with Biobest. Its total commitment to biologicals, global footprint and fantastic culture provide for excellent conditions to maintain Biotrop’s path," Sebastian Popik, Aqua Capital Managing Partner.
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