Biobest and Aqua Capital , GIC , and direction of Biotrop conjointly announce the signature of a hold fast accord on the acquisition of Biotrop Participações s.a by Biobest .
Biobest will acquire 85 % of the shares based on an enterprise value of BRL 2.8bn ( EUR 532 m ) on a in full diluted basis . The stay 15 % will be acquired by Biobest after a changeover menses of three twelvemonth . The dealings is wait to close before the oddment of the year , subject to clearance of customary closing weather condition . Biobest , once again , raise the stakes in its successful and ambitious M&A scheme aimed at promoting biologically integrated plague control . This dealing allows Biobest to take a major position in South America and to commence its transformation journey from a horticulture biocontrol and pollenation specializer to a major biologicals player in husbandry , covering biocontrol , inoculants , biostimulants , and pollenation in covered and in assailable - airfield crop .
” This is a landmark dealings for Biobest , build further on a successful M&A scheme in addition to respectable organic growth . The Brazilian market for biocontrol and other biologicals is presently estimated at more than USD 1bn . With an annual ontogenesis rate of 43 % , powered by a supportive regulative environment tailored to the motive of biological products – Brazil outpaces maturation in any other major market , ” says Biobest CEO Jean - Marc Vandoorne . ” Biotrop hold a lead place in that market place . Its strengths cover alone unexampled letters patent registration based on extensive R&D , high - quality , scalable production , and a potent multi - channel go - to - grocery scheme . We ’re delighted that Biotrop ’s top - mountain pass direction squad will continue to force back the party ’s growth and become part of our world team . There ’s an incredible opportunity for synergism at multiple levels . Most significantly , the transaction broadens our reach from gardening to Agriculture Department , including major field crop , and from biocontrol to biologicals , including inoculants and biostimulants . We are demonstrating here and now that it is possible to become an ag - major in craw protection and crop victuals while being extremely focussed on biologicals . In a world that urgently needs to stir to more sustainable farming and to reduce the use and risk of chemical pesticide , this is an enviable position in which existing and young Biobest shareholders were eager to adorn . ”
Sebastian Popik , Managing Partner of Aqua Capital , adds : ” Biotrop is a one - of - a - form companionship , as a market leader driving change towards the use of goods and services of biologicals in farming and delivering high margins . It has been an amazing journeying , where in six years of ownership , we have been able to make a leading political program in this tight - produce field , driving sustainability and profits . In the unconscious process , we have partner with amazing mortal led by CEO and conscientious objector - laminitis 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 footmark , and marvellous culture provide for excellent conditions to maintain Biotrop ’s path . ”
For Biobest , Morgan Stanley & Co. International plc acted as M&A fiscal advisor , Berenberg as equity funding advisor , Stocche Forbes / Jones Day as effectual advisors , EY as financial and revenue enhancement advisors , and Mc Kinsey as strategic consultant .
