Innovad
Status
Realised
Country
Belgium
Strategy
Mid Cap
Sector
Entry
Apr-21
Exit
Jan-26
Fund
IK IX
Website
News
PAI Partners acquires Innovad Group from IK P...Innovad to acquire Herbonis to strengthen nat...IK Investment Partners to acquire Innovad Gro...
Leading supplier of speciality animal feed and drinking water additives
Innovad ("the Company") is a global supplier of animal health and nutrition solutions, primarily targeting the monogastric (pigs and poultry) as well as the ruminant segments. The Company offers a broad array of both welfare and technological additives, fulfilling a wide range of needs across the animal nutrition and health spectrum through comprehensive health programmes as well as by enhancing feed quality.
The investment was acquired from the Company’s co-founder and CEO in April 2021, with the remaining management investing alongside IK Partners. In January 2026, IK Partners completed the sale of its stake to PAI Partners.
Our Value Creation Strategy
During our ownership, we worked alongside management to:
- Further solidify market position in selected segments;
- Pursue commercially-driven product innovations; and
- Accelerate growth through selective acquisitions in adjacent categories and new geographies.
Quote from Innovad
"Our journey alongside IK and the entire Innovad Group team has been a notable navigation, culminating in achievements we are very proud of. We are excited to continue building on our solid fundamentals, progressive company culture and care for our clients’ needs and challenges. We feel very honoured to have earned the trust of PAI and we believe that this new partnership, with its fresh perspective and skills, will enrich and support our ambition and impactful projects moving forward.”
Ben Letor, Co-Founder and Chief Executive Officer
