An affiliate of HIG Capital (HIG) has successfully completed the sale of Bigsal, an animal nutrition company in the north region of Brazil, to Trouw Nutrition, a subsidiary of the Nutreco Group, a leader in the sector.

Over the last five years, HIG partnered with Bigsal’s management to invest in the expansion and modernisation of the Company’s factory, which allowed a growth rate of over 50 per cent in revenues, and propelled the Company into a leading position in the states of Rondônia, Acre, Amazonas, and in the northern region of Mato Grosso, one of the main markets for the Brazilian cattle industry.

“Bigsal presented a very strong brand and excellent sales capabilities. Our focus was to lead the transition from a family business, to a more professionally managed company with long-term strategic plans and institutional governance,” says Marcelo Hudik, a Managing Director of HIG Brazil and Latin America. Hudik added, “The hiring of João Trivellato, a former executive of Neovia, to spearhead the operation was an important step in the process. I’m confident that Bigsal will continue to be successful in the coming years.”

Read more/Source: Private Equity Wire