Provimi is a company specializing in

animal nutrition Animal nutrition focuses on the dietary nutrients needs of animals, primarily those in agriculture and food production, but also in zoos, aquariums, and wildlife management. Constituents of diet Macronutrients (excluding fiber and water) provide ...

and related products. In the 1930s 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

Rotterdam Rotterdam ( , , , lit. ''The Dam on the River Rotte'') is the second largest city and municipality in the Netherlands. It is in the province of South Holland, part of the North Sea mouth of the Rhine–Meuse–Scheldt delta, via the ''"N ...

, the

Netherlands ) , anthem = ( en, "William of Nassau") , image_map = , map_caption = , subdivision_type = Sovereign state , subdivision_name = Kingdom of the Netherlands , established_title = Before independence , established_date = Spanish Netherl ...

in 1927, where it started up as a trading company for Dutch farmers. In 1971, the American agricultural company

Central Soya Bunge Limited is an American agribusiness and food company, incorporated in Bermuda, and headquartered in St. Louis, Missouri, United States. As well as being an international soybean exporter, it is also involved in food processing, grain trad ...

bought Provimi. In 1988, Central Soya was taken over by

Eridania Béghin-Say Group Eridania may refer to: * Eridania Lake * Eridania Planitia * Eridania quadrangle {{disambiguation ...

, a large French

agribusiness Agribusiness is the industry, enterprises, and the field of study of value chains in agriculture and in the bio-economy, in which case it is also called bio-business or bio-enterprise. The primary goal of agribusiness is to maximize profit w ...

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 is a Luxembourg-based French private equity and investment advisory firm with approximately US$133 billion of assets under management and approximately €157 billion in secured commitments since inception across American, E ...

and

PAI Partners PAI Partners is a French private equity firm based in Paris, France. It is one of the oldest firms in the sector, with its origins dating back to Paribas Affaires Industrielles, the historical principal investment activity of Paribas, which sta ...

, 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 is a global investment firm. Founded in 1985, the firm advises funds with assets under management of €60+ billion. The Permira funds have made approximately 300 private equity investments in four key sectors: Technology, Consumer, Ser ...

bought the majority of Provimi's shares from

and

. 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. In November 2011 the company was acquired by

Cargill Cargill, Incorporated, is a privately held American global food corporation based in Minnetonka, Minnesota, and incorporated in Wilmington, Delaware. Founded in 1865, it is the largest privately held corporation in the United States in ter ...

for €1.5 billion ($2.1 billion US).Cargill News Release

References

* Group's Review Provimi, June 2007

External links

* * {{Authority control Animal food manufacturers Private equity portfolio companies Companies based in Rotterdam