InVivo NSA raises €215m from Eurazeo et al.

Eurazeo, which contributed €114m to the round, secured a 17.3% stake. Meanwhile, parent company InVivo Group retained a 67% stake to remain majority shareholder.

This capital increase took place after Eurazeo entered exclusive discussions to acquire a minority stake in InVivo NSA in February.

The funding round is part of InVivo NSA's 10-year strategy to expand across emerging markets worldwide via targeted acquisitions. Previous purchases include additives company Pancosma in September 2014 and Brazilian pet food business Total Alimentos in October 2014.

The food producer intends to use the fresh funds and additional borrowing to deploy between €400m-€500m in the next three years.

Company
Founded in 1963, InVivo NSA is an animal feed and nutrition company providing services related to complete feed, feed additives, analysis laboratories and animal health. Headquartered in Saint Nolff, France, it has a workforce of 6,830 across 72 production sites in 28 countries. The company recently reported €1.5bn in revenues.

People
Eurazeo was represented by managing director Frans Tieleman. Thierry Blandinières is CEO at InVivo Group and Hubert de Roquefeuil holds the same position at InVivo NSA.

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• Expansion
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• France
• Eurazeo
• Unq2015May