The European investment company Gimv is to become a majority shareholder in the Agrobiothers Group alongside the family that founded the group. Pet specialist Agrobiothers, which is based in Cuisery, France, announced on 22 November that it had concluded a contract regarding Gimv's stake in the company's capital.
A purely family-owned enterprise, Agrobiothers is opening up its capital for the first time to an external partner, which is to become the majority shareholder under an owner buyout (OBO). Julien Jenoudet, the former majority shareholder, likewise has a significant investment and remains at the helm of Agrobiothers.
Gimv is a European investment company with over 30 years' experience of private equity and risk capital. The company is listed on Euronext Brussels and currently manages around 1.6 bn euros in approximately 50 portfolio companies. In future Gimv is to play a part in structuring the marketing and distribution approach of Agrobiothers.
The Agrobiothers Group is one of Europe's leading suppliers of hygiene and care products for pets and pet accessories. With a workforce numbering 250 people, the group has achieved sales bordering on 65 mio euros from marketing 4 000 products in more than 20 countries.