Acquisition year: 2007
Provimi is a world leader in the growing market of animal nutrition, focusing on the high value-added inputs. Provimi produces a range of products and feed solutions serving the nutritional and health needs of many animals including: premix and speciality products for young animals and those with special dietary needs. Provimi is headquartered in Rotterdam, the Netherlands, and operates 67 production centres in 25 countries.
A company backed by the Permira funds acquired the company in April 2007. It was delisted from Euronext in November 2009. Under the Permira funds' ownership, the business was transformed from a disparate group of individual businesses into one of the world's leading animal nutrition businesses through strategic repositioning, business simplification and a focus on emerging markets. Non-core businesses, including the Pet Food activities, were divested to create a 'pure play' animal nutrition business. The company also strengthened its geographic footprint via organic growth in Brazil and Russia and made strategic acquisitions in fast-growing Columbia (Biovet) and Mexico (NASSA). As a result EBITDA generated from emerging countries increased from 27% at acquisition to 56% in 2011. It also delivered considerable operational improvement and achieved continuous EBITDA growth from 2007 to 2011.
On 22 November 2011, the Permira funds sold Provimi to Cargill, a leading international producer and marketer of food, agricultural, financial and industrial products and services.