M&A Deal Summary

Biobest Acquires Biotrop

On September 7, 2023, Biobest acquired agriculture company Biotrop from Aqua Capital and GIC

Acquisition Highlights
  • This is Biobest’s 1st transaction in the Agriculture sector.
  • This is Biobest’s 1st transaction in Brazil.

M&A Deal Summary

Date 2023-09-07
Target Biotrop
Sector Agriculture
Buyer(s) Biobest
Sellers(s) Aqua Capital
GIC
Deal Type Add-on Acquisition

Target

Biotrop

São Paulo, Brazil
Biotrop is an ag-tech focused on biologicals and natural sustainable solutions for agriculture. As the result of the dedication of a select group of professionals passionate about agribusiness, the company offers the most high-tech biological inputs to growers. Biotrop was founded in 2018 and is based in São Paulo, Brazil.

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Buyer(S) 1

Buyer

Biobest

Westerlo, Belgium

Category Company
Founded 1987
Sector Chemicals
DESCRIPTION

Biobest is a provider of pollination and biological pest control products. Biobest was founded in 1987 and is based in Westerlo, Belgium.


DEAL STATS #
Overall 2 of 2
Sector: Agriculture M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
Country: Brazil M&A 1 of 1
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-02 The Real IPM Co.

Thika, Kenya

The Real IPM Co.(Kenya) Ltd. is a provider of pollination and biological pest control products.

Buy -

Seller(S) 2

SELLER
DESCRIPTION

Aqua Capital is a private equity firm focused on growth investments in mid-market companies throughout the Brazilian and South American agribusiness value chain. Aqua looks to identify 'best-in-class' companies with significant growth opportunities and $15 to $250 million in revenue. Aqua Capital was formed in 2009 and is based in Sao Paulo.


DEAL STATS #
Overall 7 of 7
Sector: Agriculture M&A 2 of 2
Type: Add-on Acquisition M&A Deals 5 of 5
Country: Brazil M&A 7 of 7
Year: 2023 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-11 YesSinergy

Campinas, Brazil

YesSinergy is a feed additives biotech company serving the domestic market and exporting to 35 countries worldwide. YesSinergy develops innovative animal feed additives solutions, providing natural and antibiotic-free solutions enhancing animal nutrition and health. YesSinergy was founded in 2008 and is based in Campinas, Brazil.

Sell -
SELLER
DESCRIPTION

GIC Private Ltd. is the investment arm of Singapore. The Group primarily invests through three investment groups, including public markets, private equity and real estate. GIC's private equity practice looks to invest in funds as well as directly in companies. GIC is based in Singapore with additional offices globally.


DEAL STATS #
Overall 13 of 15
Sector: Agriculture M&A 1 of 1
Type: Add-on Acquisition M&A Deals 4 of 5
Country: Brazil M&A 1 of 1
Year: 2023 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-08 Quest Global Services

Singapore , Singapore

Quest Global Services is a global engineering solutions provider with a proven track record of serving the product development & production engineering needs of high technology companies. Quest Global Services was founded in 1997 and is based in Singapore.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-18 Serenitas

Sydney, Australia

Serenitas is an home estate operator that provides affordable living solutions to senior Australians. Serenitas offers residents a vibrant, community-focused lifestyle and peace of mind, knowing their home is secure. Serenitas was founded in 2018 and is based in Sydney, Australia.

Sell -