Advertisement

HIGHLIGHT:

Permira buys 50 pct of aquafeed producer Grobest

on . Posted in News

TAIWAN : A company backed by global investment Permira funds is to acquire 50 per cent of aquatic feed producer Grobest shares through a new joint venture company that will become its sole corporate shareholder.
 
Founded in 1974 and headquartered in Taiwan, Grobest has operations in Taiwan, Vietnam, Thailand, China, India, Indonesia, Philippines, and Malaysia. In addition to this broad presence across Asia, the world’s largest aquaculture market, it is a pioneer and technological leader in an array of innovative and differentiated functional feed products, focused on preventing and combating diseases as well as increasing yields.
 
Furthermore, the company provides a full range of services and technical assistance to farmers throughout Asia, including pond maintenance, water treatment, and soil and disease testing.
 
The Permira funds identify long-term macro trends to back market-leading businesses and management teams with strong growth potential to become global leaders.
 
The investment in Grobest is the result of Permira’s continued thematic focus, since 2007, on the food value chain and specifically on aquaculture. This is the fund’s third investment in aquaculture, with Pharmaq, a Nordics-based world-leading aquatic health company, and Provimi, a leading animal feed company across species including aquaculture, and its sixth investment in the food value chain (Arysta LifeSciences, Netafim and CABB).
 
Grobest was identified by Permira as a highly attractive investment opportunity based on its strong technical capabilities and R&D leadership across warm water species, wide regional presence, and its vision for expanding the business further across Asia and globally.
 
“We are delighted to partner with Permira as we pursue our plans for further growth in the region and expansion into new markets. Permira’s expertise in backing businesses to become global leaders will help accelerate the next stage of Grobest’s development, after more than four decades of innovation and success,” the firm’s CEO stated.
 
For his part, Ola Nordquist, Head of Permira Nordic, stressed that farmed fish and shrimp are some of the most efficient and fastest growing sources of protein for a growing population and that feed and health products are critical components and an attractive part of the value chain to build a sustainable industry.
 
The transaction is expected to close in December 2018 subject to customary closing conditions.
Source:FIS

Our Social Media

Join Us On Social site

About Us

INFOFISH originally launched in 1981 as a project of the Food and Agriculture Organization (FAO) of the United Nations.

 

See More

Member Countries

  • Malaysia
    MALAYSIA
  • BANGLADESH
    BANGLADESH
  • CAMBODIA
    CAMBODIA
  • FIJI
    FIJI
  • INDIA
    INDIA
  • IRAN
    IRAN
  • MALDIVES
    MALDIVES
  • PAKISTAN
    PAKISTAN
  • PHILIPPINES
    PHILIPPINES
  • PAPUA NEW GUINEA
    PAPUA NEW GUINEA
  • SRI LANKA
    SRI LANKA
  • SOLOMON ISLANDS
    SOLOMON ISLANDS
  • THAILAND
    THAILAND