Biobest Group has completed the acquisition of Biotrop Participações s.a .
As fit in the declaration signed in early September and in full accordance with the timeline envisaged for closing , Biobest has acquired approximately 85 % of the shares based on an go-ahead value of BRL 2.8bn ( EUR 532 m ) on a amply diluted basis . The remaining 15 % will be acquired by Biobest after a transition period of three years .
Between sign language and closing , Biobest successfully completed a EUR 365 Mio chapiter gain to finance the transaction with the participation of its existing shareholders ( Sofina , some Belgian families , and management ) and new shareholder ( Tikehau Capital , M&G Investments , Unigrains , Sofiprotéol and several category close to its legal age shareholder , Floridienne ) .
Biobest , once again , elevate the stakes in its successful and ambitious M&A scheme shoot for at promoting biologic integrated pest control . With this transaction , Biobest takes a major stead in South America and is fully fit to begin its transformation journeying from a gardening biocontrol and pollination specialist to a major biologicals musician in agriculture , hide beneficials , biopesticides , -stimulants and -inoculants , and pollenation in track and in heart-to-heart - field of battle crop .
The Brazilian market for biocontrol and other biologicals is presently estimated at more than USD 1bn . With an yearly growth pace of 43 % , power by a supportive regulatory surroundings orient to the penury of biological products – Brazil outpaces growth in any other major securities industry . Biotrop was capable to seethe - out a pull ahead strategy and quickly became lead thespian in this dynamic market thanks to its salient management squad which will continue to drive the party ’s growth and becomes part of Biobest Group ’s global leading .
“ I am pleased that Antonio Zem will continue to precede the Biotrop organization as CEO , supported by the same dedicated aged management team . As our track record shows , we value persistence in our M&A scheme , ” say Biobest CEO Jean - Marc Vandoorne .
” With this landmark transaction following several other key acquisition , Biobest now confront a wealth of opportunities to produce synergies between its business organization while putting its customers first . We are determined to continue our growth and become a leading global player in crop aegis and craw sustenance focused on biologicals . In a world that desperately need to shift to more sustainable farming and to cut the use and risk of chemical pesticides , we are surefooted that we can reach a locating in the global top 10 by 2034 . An enviable view in which existing and new Biobest shareholders were eager to adorn . ”
“ As a penis of Biobest , we will be capable to globally leverage our challenging growth agenda by provide legal biologic crop protective cover alternatives to chemical substance pesticides , conduce directly to palliate climate variety by dilute CO2 discharge and rejuvenate healthy ground , ” says Antonio Zem , CEO of Biotrop . “ supply James Leonard Farmer with efficient biologic production and expert advice will create a cycle of trustfulness , benefiting our common commercial enterprise , enabling enhanced food surety , and a more bouncy and sustainable agriculture . ”
Sebastian Popik , Managing Partner of Aqua Capital , notice , " Biotrop suffer out as a market leader in biological agriculture , achieving high-pitched allowance . During our six - twelvemonth journey , it has base itself as a top player in this rapidly evolving field , balancing sustainability and gainfulness . Led by CEO Antonio Zem , we ’ve partnered with exceptional the great unwashed and institutions like GIC . I am convinced that joining Biobest , known for its commitment to biologicals and global comportment , is the ideal move for Biotrop ’s proceed growth . "
Jean - Marc Vandoorne reason : " Building on the understructure and global realization of the Biobest brand as a loss leader in biocontrol solutions for gardening , our company is considerably run its portfolio with the strengths and steel of Biotrop , Bioworks , and Plant Products . These addition , accomplish through strategical acquisitions in 2023 and 2022 , are pivotal in our growth strategy . As a result , we are craft a unexampled , more efficient , and effective divisional structure that build upon these four powerful brands . This phylogeny will include adopting a new group name , BioFirst Group , in the time to come . Our aim is to draw rein the unique capabilities of each brand , enable us to develop tailored strategies for divers markets . This synergistic approach path underpins our ambition to be among the top 10 players in the overall agricultural industry . "
