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.”
According to Hudik, HIG, which recently acquired FVO Alimentos, one of the leading companies in the Brazilian pet food market, will continue investing in Brazilian agribusiness. Hudik said, “This is one of the markets that demonstrates resilience in Brazil and we will continue to seek to establish partnerships to help promising companies reach their full potential.”
Read more/Source: Private Equity Wire
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