On February 17, 2021, our client IK Investment Partners (“IK”), announced it has signed an agreement to acquire a majority stake in Innovad Group (or the “Company”).
The Company’s largest business units are Innovad and Add-Co. Innovad is a global supplier of animal health and nutrition solutions, primarily targeting the swine, poultry and ruminants segments. Add-Co is an Italian feed additives supplier with a strong presence in natural pigments and concentrates, which will become a full subsidiary of the Innovad Group.
The Company primarily targets the premium intestinal health and mycotoxin stress control segments through an offering of innovative nutrition. It is also active in preservatives, digestive aids, feed attractants and pigments, allowing the Company to address a diverse range of needs experienced on farm through comprehensive animal health programmes.
Over the last decade Innovad has expanded significantly through organic growth, acquisitions and strategic joint ventures, resulting in double-digit annual revenue growth. Innovad has an impressive track record with many opportunities for future growth, both organically and through selected add-on opportunities. The market for sophisticated animal health products is very strong. IK, the management team, and the Company are excited to further develop the platform going forward and bring the Company to the next level.