LFPI et al. invest €50m in Bioline by InVivo

The round of financing will allow Bioline to pursue international growth as well as product development. It was disclosed that the debt arrangement of the company has been increased.

Bioline is part of lnVivo, a French agricultural cooperative group. Founded in 1963, InVivo is organised around four fields of expertise: agriculture, animal nutrition and health, retail, and wine. The group has a workforce of 9,200 people, generates revenues of €6.4bn and is present in 31 countries worldwide.

Bioline is not the first Idia and Unigrain-backed acquisition of one of InVivo's divisions. The GPs invested in Neovia, the animal nutrition and health branch of InVivo, in 2007. In 2015, Neovia received a financing of €215m from Eurazeo and CDC International Capital, alongside previous investors Unigrains and Idia (then known as Idia Crédit Agricole). Eurazeo, which contributed €114m to the round, secured a 17.3% stake. Meanwhile, InVivo retained a 67% stake in Neovia.

Company
Based in Courbevoie, Bioline develops agricultural products in France and abroad to improve the performance of French farming cooperatives.

Some of its operations include logistics and storage of grains, agricultural supplies, fertilisers, and consulting services. Bioline generates revenues of €4.3bn.

People
LFPI gestion – Fabien Bismuth (president).
InVivo – Thierry Blandinières (CEO).

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