Abris Capital Partners, a Central European private equity investor, is to sell its stake in Patent Co, a global provider of animal nutrition solutions, including patented high value-add feed additives, to RWA Raiffeisen Ware Austria AG.
Abris Capital Partners, a Central European private equity investor, is to sell its stake in Patent Co, a global provider of animal nutrition solutions, including patented high value-add feed additives, to RWA Raiffeisen Ware Austria AG.
Patent Co is a leading animal nutrition business in Central and Eastern Europe and employs around 250 staff across facilities in Southeast Europe. Abris invested in the business at the end of 2015 with a strategy to turn what was at the time an animal nutrition producer operating in 10 local markets into a multinational player with a patented high-margin feed additive portfolio and global distribution reach.
During the investment period, Abris invested in new state-of-the-art factories for compound feed and premixes, tripling capacity and enabling the company to achieve compound annual growth in EBITDA of more than 20%. During this period, Patent Co entered 43 new markets, tripling international sales, which now span six continents.
