<article>European private equity firm Permira has announced the acquisition of a 50 per cent stake in Asian aquatic feed producer Grobest.</article>

European private equity firm Permira has announced the acquisition of a 50 per cent stake in Asian aquatic feed producer Grobest.
In a release, Permira said that, upon the completion of the deal, it will become the sole corporate shareholder of Grobest, as the remaining 50 per cent stake will be retained by shareholder group led by Grobest CEO Ko Chi-kang and Chairman Chen Chun-ping.
Founded in 1974 and headquartered in Taiwan, Grobest produces functional feed products focused on preventing and combating diseases as well as increasing yields. Furthermore, the company provides a full range of services and technical assistance to farmers throughout Asia, including pond maintenance, water treatment, and soil and disease testing.
The company currently has operations in Taiwan, Vietnam, Thailand, China, India, Indonesia, Philippines, and Malaysia.
Permira said it identified Grobest as a highly attractive investment opportunity due to its strong technical capabilities and R&amp;D leadership across warm water species, wide regional presence, and its vision for expanding the business further across Asia, the world’s largest aquaculture market, and globally.
“The value of the global aquaculture market is estimated to be approximately $175 billion and Asia makes up around 90% of the aquaculture volume globally and is one of the most rapidly growing regions. We see significant potential for Grobest to continue to grow and support the aquaculture industry with innovative products, both in Asia and around the world,” said Ola Nordquist, Head of Permira Nordic.
The Permira funds identify long-term macro trends to back market-leading businesses and management teams with strong growth potential to become global leaders. Grobest marks the fund’s third investment in aquaculture, having previously backed Pharmaq, a Nordics-based world-leading aquatic health company, and Provimi, a leading animal feed company across species including aquaculture.
The aquafeed space in Southeast Asia recently saw an Indonesia-based smart fish feeder manufacturer eFishery secure a $4-million funding round from a group of global investors including Aqua­spark, a Utrecht (the Netherlands) ­based aquaculture investment fund.
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European PE Permira has announced the acquisition of a 50 per cent stake in Asian aquatic feed producer Grobest. Permira said, it will become the sole corporate shareholder of Grobest, as the remaining 50 per cent stake will be retained by shareholder group led by Grobest CEO Ko Chi-kang and Chairman Chen Chun-ping.

European PE Permira picks 50% stake in Asian aquafeed firm Grobest

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European PE Permira picks 50% stake in Asian aquafeed firm Grobest

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