SeQuent Scientific Limited (SeQuent), having businesses in animal health sector through its principal operating company “Alivira Animal Health Ltd.”, announced it has signed a definitive agreement to acquire 100% stake in Nourrie Saúde e Nutrição Animal Ltda (Nourrie) in Brazil.
In line with its stated strategy for Sequent 2.0, this acquisition marks Alivira’s foray into Brazil’s pet market, fastest growing segment in Brazil, and 4th largest pet market in the world. The acquisition will be made through Evance Saude Animal Health Ltda (Evance), subsidiary of Alivira Brazil, for a cash consideration of BRL 27 Million, and is expected to close in Q4 FY22, the statement said.
Nourrie specializes in development and commercialization of nutraceuticals and therapeutic products, with a portfolio of 23 commercialized products for pet and swine, and a near-term pipeline of 17 products. The business is well established with integrated R&D and manufacturing setup, complementary to Alivira’s existing local capabilities.
Since its acquisition in 2016, Alivira Brazil (Evance) has emerged to be amongst Top 10 ranked animal health players in Brazil, having grown significantly at a CAGR of 57% over the last 5 years, achieving revenues of ~BRL 114 Mn TTM Sep 2021. It has established strong presence in livestock segment with a portfolio of 40+ commercialized products. This transaction further builds on Alivira’s strong track record of global acquisitions, having successfully acquired and integrated 9 companies across Europe, Latam and India in the last 7 years, the company said.
SeQuent Scientific Limited is India’s largest and amongst the ‘Top 20’ global animal health companies, backed by global investment firm ‘The Carlyle Group’ as promoter. The company has 8 manufacturing facilities across Europe, Turkey, Brazil & India with the Vizag site being India’s only USFDA approved dedicated veterinary API facility.
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