Biobest and Floridienne have agreed to increase the equity of Biobest by a minimum of €98.5 million. This capital increase will come from existing shareholder Sofina and private investors, with the potential to increase to €120 million in the short term. Following the capital increase, Floridienne’s stake in Biobest will be 79.00%, with the remaining shares held by Mérieux Equity Partners, Sofina, private investors, and Biobest management.
The funds generated from the capital increase will allow Biobest to pursue organic growth and make strategic acquisitions. These acquisitions aim to offer complete solutions in integrated biological pest management to growers worldwide. This will enable Biobest to consolidate its growth and strengthen its position in the industry.
The capital increase is expected to materialize within four weeks after the legal documentation is finalized and conditions are met. This is a significant milestone for Biobest and represents a firm commitment from Floridienne and other investors to support the company’s growth and development.
According to Jean-Marc Vandoorne-Feys, CEO of Biobest, the recent capital increase is a significant milestone for the company as it will enable them to consolidate its growth further. This will be achieved through organic growth and multiple strategic acquisitions, bringing the company closer to its ambitious goal: to provide complete and qualitative solutions in integrated biological pest management to growers worldwide.
Biobest is a leading provider of global biological pest management solutions for growers. With a focus on sustainable and environmentally friendly solutions, the company has become a trusted partner for growers looking to reduce the use of chemical pesticides and improve crop yields.
The capital increase will provide Biobest with the resources it needs to continue its growth and provide even better solutions to growers worldwide. This is an exciting time for the company and the industry, and we look forward to seeing the results of this investment in the coming months and years.
Photo by Dmitry Grigoriev on Unsplash
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