IK Investment Partners acquired a majority stake in Innovad Group

Squarefield acted as exclusive financial advisor to IK Investment Partners on the acquisition of Innovad Group

On 17 February 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.

Completion of the transaction is subject to legal and regulatory approvals.

Our client’s view on Squarefield’s role in this transaction

Remko Hilhorst – Managing Partner IK: “Over the course of the project, we have experienced Squarefield as very capable, creative and efficient when the process required it. Squarefield’s overall transaction support and in-depth sector knowledge of the animal additive feed sector made them a great sparring partner”.