Merger Links

Biobest Group to acquire an 85% stake in Biotrop Participações from Aqua Capital and GIC in a €532m deal.

Announced

Transaction Tags

  • Pending
  • Acquisition
  • Majority
  • Private
  • Private Equity
  • Disposal
  • Single Bidder
  • Brazil
  • biotechnology company
  • Biotechnology
  • Friendly
  • Cross Border

Synopsis

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.

Sources

Press Release

Biobest

Transaction Value

£456m

Consideration Type

Cash

Capital Owned

+ Add

Capital bid for

85%

EV/Sales

+ Add

EV/EBITDA

+ Add

Share Price Premium

+ Add
Service Providers (8)Dealmakers
Morgan Stanley

financial advisors

Morgan Stanley

Berenberg

financial advisors

Berenberg

Stocche Forbes

legal advisors

Stocche Forbes

Ernst & Young

financial advisors

Ernst & Young

Jones Day

legal advisors

Jones Day

Mckinsey & Company

commercial advisors

Mckinsey & Company

Demarest Advogados

legal advisors

Demarest Advogados

Banco Itau

financial advisors

Banco Itau

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