Permira invests in Taiwan aquatic feed business

The private equity firm – which is making its first investment in Taiwan – is working in partnership with Grobest’s CEO and chairman, Chi-kang Ko and Chun-ping Chen, who will retain a 50% interest. The size of the transaction has not been disclosed.

Founded in 1974, the target company has operations in Vietnam, Thailand, China, India, Indonesia, the Philippines, and Malaysia, as well as Taiwan. It manufactures a range of feed products that help combat disease and increase yields, as well as providing technical assistance to farmers across pond maintenance, water treatment, and soil and disease testing.

This is not Permira’s first investment in the aquaculture space globally. It has previously backed Pharmaq, a Nordics-based aquatic health specialist, and Provimi, an animal feed company with a product range that includes aquaculture.

Jim Tsao, China head at Permira, credited Grobest’s founding families for creating an impressive position across the most important markets in Asia. “The Grobest story is a real testament on how to build successful international companies from Taiwan,” he added.

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• Topics
• Greater China
• Industrials
• Expansion
• Taiwan (China)
• Permira Advisers
• Agriculture
• Growth capital