Skip to main content
Back to Investments

Innovad

Employees
100
Countries Served
65
Distributors
45
Status
Current
Country
Belgium
Sector
Healthcare
Entry
Apr-21
Fund
IK IX

A leading supplier of speciality animal feed and drinking water additives

Innovad 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 Chief Executive Officer in April 2021, with the remaining management investing alongside IK Partners.

What Attracted Us to the Business

  • Growing speciality animal feed additives market
  • Core offering focused around high-value gut health and mycotoxin detoxifier segments
  • Broad product portfolio with scientifically evidenced and innovative solutions
  • Internationally established sales and distributor network
  • Significant buy-and-build opportunity

Our Value Creation Strategy

We are working alongside management to:

  • Further solidify market position in selected segments;
  • Continue internationalisation;
  • Pursue commercially-driven product innovations; and
  • Accelerate growth through selective acquisitions in adjacent categories and new geographies.

“It is exciting to be partnering with IK as we enter this next phase to consolidate our position and prepare for further sustainable growth. With their strong credentials in food and animal health, their past successes with similar industries and Innovad’s established track record and ambition, we look forward to working together to develop into a global leader.”

Ben Letor, Co-Founder and Chief Executive Officer

Investment Team

Remko Hilhorst

Managing Partner, Consumer Sector Lead
Amsterdam

Norman Bremer

Partner
Amsterdam