A purely family-owned enterprise, Agrobiothers is opening up its capital for the first time to an external partner. Gimv is a European investment company with over 30 years' experience of private equity and risk capital and will become the majority shareholder under an owner buyout (OBO). It is listed on Euronext Brussels and currently manages around 1.6 bn euros (including third-party funds) in approximately 50 portfolio companies. Julien Jenoudet, the former majority shareholder in Agrobiothers, retains a significant investment and will remain at the helm of the company. The transaction must first be sanctioned by the French cartel authority.
With its growth strategy, sophisticated logistics, integration of production plants into key product programmes and targeted acquisitions at home and abroad, Agrobiothers has succeeded in quadrupling its sales in the last 15 years. It expects the involvement of Gimv to stimulate further growth in the European market, which it believes is still fragmented but offers attractive growth prospects, especially with regard to hygiene and care products, as a result of the development of European licensing regulations.