October 11, 2018
50% of Grobest Holdings to be acquired by European equity firm
Permira, an European private equity firm, will acquire half of Taiwanese fish heath and feed company, Grobest Holdings, a late-August Finance Asia article reported.
Permira's decision came after it perceived a significant potential in Grobest to expand further from its current number of feed mills in Thailand, Vietnam, Indonesia, China and Taiwan, Alex Emery, head of Permira's Asia operations, said. He added that Permira was also interested in Grobest's goal of helping farmers achieve higher levels of sustainability, efficiency and shrimp provenance.
Permira move to take over 50% of Grobest would place the latter at an enterprise value of about $1 billion.