Provimi
Encyclopedia
Provimi is a company specializing in animal nutrition
and related products. It is a worldwide market leader in premixes. In the thirties it started selling a product under the name Provimi, a mixture of three basic elements in every animal feed and this is where the present name is derived from: Proteins, Vitamins and Minerals. The company is of Dutch origin and headquartered in Rotterdam.
, The Netherlands in 1927, where it started up as a trading company for Dutch farmers.
In 1971, the American agricultural company Central Soya bought Provimi. In 1988, Central Soya was taken over by Eridania Béghin-Say Group, a large French agribusiness
conglomerate. In the years to follow, Provimi went through a period of internal and worldwide external expansion until 2001, when the Eridania Béghin-Say Group was broken into four companies, one of which was Provimi.
In 2002, Provimlux, a holding company jointly controlled by funds advised by CVC Capital Partners
and PAI Partners
, acquired the 53.66% majority shareholding of Provimi. After the subsequent execution of a standing offer, Provimlux held 74.05% of Provimi, which remained listed on Euronext. In the years to follow, Provimi continued its external growth.
In April 2007, Permira
bought the majority of Provimi's shares from CVC Capital Partners
and PAI Partners
. The Provimi Group was delisted from the Euronext Stock Exchange in Paris on 6 November 2009 and is wholly owned by KoroFrance SAS, a company indirectly controlled by investment funds managed or advised by Permira Advisers LLP.
Animal nutrition
There are seven major classes of nutrients: carbohydrates, fats, fiber, minerals, protein, vitamin, and water.These nutrient classes can be categorized as either macronutrients or micronutrients . The macronutrients are carbohydrates, fats, fiber, proteins, and water...
and related products. It is a worldwide market leader in premixes. In the thirties it started selling a product under the name Provimi, a mixture of three basic elements in every animal feed and this is where the present name is derived from: Proteins, Vitamins and Minerals. The company is of Dutch origin and headquartered in Rotterdam.
History
Provimi was founded near RotterdamRotterdam
Rotterdam is the second-largest city in the Netherlands and one of the largest ports in the world. Starting as a dam on the Rotte river, Rotterdam has grown into a major international commercial centre...
, The Netherlands in 1927, where it started up as a trading company for Dutch farmers.
In 1971, the American agricultural company Central Soya bought Provimi. In 1988, Central Soya was taken over by Eridania Béghin-Say Group, a large French agribusiness
Agribusiness
In agriculture, agribusiness is a generic term for the various businesses involved in food production, including farming and contract farming, seed supply, agrichemicals, farm machinery, wholesale and distribution, processing, marketing, and retail sales....
conglomerate. In the years to follow, Provimi went through a period of internal and worldwide external expansion until 2001, when the Eridania Béghin-Say Group was broken into four companies, one of which was Provimi.
In 2002, Provimlux, a holding company jointly controlled by funds advised by CVC Capital Partners
CVC Capital Partners
CVC Capital Partners is one of the top five largest private equity firms globally with approximately US$46 billion in funds focused on management buyouts...
and PAI Partners
PAI Partners
PAI partners is a major European private equity house and is the leading private equity investor in the French market. It is one of the oldest and most experienced firms in the sector with its origins dating back to Paribas Affaires Industrielles, the historical principal investment activity of...
, acquired the 53.66% majority shareholding of Provimi. After the subsequent execution of a standing offer, Provimlux held 74.05% of Provimi, which remained listed on Euronext. In the years to follow, Provimi continued its external growth.
In April 2007, Permira
Permira
Permira is a United Kingdom-based private equity firm with global reach. The firm advises funds with a total committed capital of approximately €20 billion....
bought the majority of Provimi's shares from CVC Capital Partners
CVC Capital Partners
CVC Capital Partners is one of the top five largest private equity firms globally with approximately US$46 billion in funds focused on management buyouts...
and PAI Partners
PAI Partners
PAI partners is a major European private equity house and is the leading private equity investor in the French market. It is one of the oldest and most experienced firms in the sector with its origins dating back to Paribas Affaires Industrielles, the historical principal investment activity of...
. The Provimi Group was delisted from the Euronext Stock Exchange in Paris on 6 November 2009 and is wholly owned by KoroFrance SAS, a company indirectly controlled by investment funds managed or advised by Permira Advisers LLP.