Agribusiness
We are global leaders in agribusiness M&A, with sector expertise and direct access to the main players in the market.
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We are global leaders in agribusiness M&A, with sector expertise and direct access to the main players in the market.
Deals completed in this sector.
Countries where deals took place.
Specialists dedicated to this sector.
trade shows, exhibitions, and conferences mapped globally.
bilhões de reais transacionados com fundos de investimento internacionais
Context
Fass Agro, founded in 2017 and headquartered in Sertãozinho (SP), specializes in the production and commercialization of liquid fertilizers. Recognized for its quality and strong regional presence, the company has established itself as a trusted partner for farmers, offering effective solutions and technical support that enhance results in the field.
Adufértil Fertilizantes, part of the Indorama Corporation group, is a reference in crop nutrition solutions. With operations in São Paulo and Minas Gerais, the company is integrated into one of the world’s largest chemical and petrochemical conglomerates, present in more than 30 countries and strongly active in agricultural inputs.
Strategic Rationale
The acquisition of Fass Agro strengthens Adufértil’s strategy of expanding its presence in the liquid fertilizer segment, positioning it among the leading suppliers in Brazil. The combination of both companies’ expertise will deliver operational efficiencies, enhanced technical know-how, and broader client reach, complementing Indorama’s already consolidated solid fertilizer portfolio.
Context
Founded in September 2007, Green Ventures is a biodiesel plant located in Lucas do Rio Verde, Mato Grosso, established shortly before biodiesel blending became mandatory in Brazil in early 2008. The facility currently ranks 35th nationwide and has an annual production capacity of approximately 202.7 thousand m³. The buyer, Oleoplan, is one of Brazil’s largest biodiesel producers, with nationwide operations across multiple regions.
Strategic rationale
With the acquisition of Green Ventures, Oleoplan will operate five plants across four of Brazil’s five regions, reaching a total installed capacity of 1.64 million m³ per year — reclaiming the sector’s leadership from Cargill, which had previously taken the lead after acquiring Granol’s assets. The transaction aligns with both companies’ strategies: Oleoplan strengthens its presence in the biodiesel market, while Fiagril sharpens its focus on crop inputs and grain operations, aiming to provide top-tier solutions and technologies to farmers.
Context
Farmtech, founded in 2017, is the leader in Brazil’s rural digital credit market. The fintech has built a scalable model through partnerships with agricultural input resellers and manufacturers, now serving 85% of the sector’s distribution chain. The company has enabled R$22 billion in credit across 200,000 operations through a fast-release financing platform integrated with distributors.
Bewater is a venture capital firm focused on growth-stage companies, offering long-term capital and strategic support.
Strategic rationale
The funding aims to solidify Farmtech’s position as the leading digital credit platform in Brazilian agriculture while enabling expansion into new verticals, such as machinery financing. igc partners acted as Farmtech’s exclusive financial advisor in the transaction with Bewater.
Context
Founded in 1999 in Brazil, Oligo Basics developed an innovative portfolio of feed additives based on natural ingredients (Functional Oils) for animal health and nutrition, addressing the growing global concern for antimicrobial resistance to antibiotics.
Present in 14 Brazilian states, the United States, Taiwan, Chile, Bolivia, and Peru, the Company manufactures and distributes its products with proven effects, driving animal feed efficiency improvements for multiple species, including poultry, swine, and cattle.
Headquartered in Berchem, Belgium, Innovad Group is a global supplier of animal health and nutrition solutions, with sales to over 75 countries and production facilities in Belgium and Italy.
Innovad is majority owned by IK Partners, a leading European private equity firm with an established presence of over 30 years and significant experience investing in the broader animal health industry.
Strategic Rationale
The transaction reinforces Innovad’s focus on becoming a global platform of natural ingredients for animal health and nutrition, leveraging the exclusive technology developed by Oligo Basics to continue revolutionizing the Brazilian and global markets for natural feed additives.
It enables Innovad to establish a strong foothold in the Brazilian and broader Latin American markets, while its global footprint will help accelerate Oligo Basics’ international sales, particularly in North America. The combination of both companies’ technical expertise and innovative capabilities is expected to create significant synergies.
Context
Founded 27 years ago, Maxum was the first Case IH dealership in Brazil and is one of the most established and respected players in the sector. The company offers a full portfolio of agricultural machinery — including planters, tractors, harvesters, and sprayers — paired with high-quality service and long-term customer support.
Brasif Máquinas is known for distributing equipment from brands such as Case Construction, Hyster, Yale, FPT Industrial, and Indeco, with a strong presence in the construction and logistics sectors.
Strategic rationale
The acquisition of Maxum marks Brasif’s entry into the agricultural equipment distribution market, significantly expanding its portfolio. With agribusiness now part of its strategy, Brasif expects to grow revenue by 40% this year alone. igc partners acted as Maxum’s exclusive financial advisor in the transaction.
Context
Grupo Agrosepac is a vertically integrated agribusiness in the pine wood sector, founded 60 years ago in the city of Mallet, Paraná. The group owns 6,000 hectares of pine-producing land, which supports its broader operations — including raw timber sales, industrial lumber processing, and the manufacturing of knot-free plywood panels. Currently, 90% of the group’s sales are export-based.
Context
Fertsan is a biotechnology company based in Ceará, Brazil, built upon more than 25 years of research. It specializes in plant biostimulants made from natural, environmentally friendly ingredients and serves major agricultural crops in Brazil such as soybeans, corn, cotton, wheat, and sugarcane. Using proprietary formulations based on marine-sourced biopolymers and nanotechnology, Fertsan's products deliver proven benefits, including enhanced resistance to diseases and water stress, and significant productivity gains — validated by top research centers and leading growers across the country.
Strategic rationale
The CPR-F provided long-term, customized capital with a 12-month grace period, enabling Fertsan to invest, refinance short-term debt, and accelerate its growth. igc partners structured the transaction and acted as the company’s financial advisor.
Context
Grupo Agrosepac is a vertically integrated agribusiness in the pine wood sector, founded 60 years ago in the city of Mallet, Paraná. The group owns 6,000 hectares of pine-producing land, which supports its broader operations — including raw timber sales, industrial lumber processing, and the manufacturing of knot-free plywood panels. Currently, 90% of the group’s sales are export-based.
Strategic rationale
Agrosepac completed the issuance of a CRA worth R$ 53,000,000. The proceeds will fund the expansion of its vertical integration project and the working capital required for its expected growth in the coming years. The group began its verticalization strategy in 2018, and this CRA will finance the third phase, which includes building a facility to convert wood manufacturing waste into biomass (pellets), as well as strengthening working capital and refinancing short-term debt with a new six-year term. igc partners structured the transaction and acted as Agrosepac’s financial advisor.
Context
Founded in 2007, VitalForce is recognized for its innovative and comprehensive portfolio of crop nutrition and protection products, including biopesticides, specialty fertilizers, adjuvants, and biostimulants. The company operates across 17 Brazilian states, Paraguay, and Uruguay, with a sales force of about 70 representatives and more than 300 distributors.
Grupo Lwart, the parent company of Lwart Soluções Ambientais, is a global benchmark and Brazil’s leader in the collection and transformation of used lubricating oil, as well as post-consumer waste management. With over 50 years of experience, the group is now entering the agribusiness sector.
Strategic rationale
The transaction marks Lwart’s entry into the agricultural inputs market, particularly in specialty fertilizers and biological crop protection, while reinforcing its sustainability-driven mission. The acquisition positions the group in a high-potential sector through a respected and well-established company. VitalForce was advised by igc partners in the transaction.
Context
Nativa Agronegócios, an agricultural inputs retailer, completed the sale of its operation to Agro Amazônia, an agricultural inputs retailer in Brazil, with distribution operations in crop protection, seeds, fertilizers and animal’s health and nutrition products.
Founded in 2000, Nativa Agronegócios is considered one of the largest agricultural inputs retailers in Minas Gerais, focusing essentially on Triângulo Mineiro and Alto Paranaíba regions. With eight stores and one modern bulk blending fertilizer facility, the company serves more than two thousand rural producers in a great variety of crops.
Agro Amazônia, a Sumitomo Corporation’s subsidiary company, is currently the largest agricultural inputs distributor in Brazil, with 50 stores prepared to meet the demand for agricultural inputs on the main markets of the national territory.
Strategic Rationale
The acquisition of Nativa Agronegócios aims to consolidate Agro Amazônia’s presence in Brazil, reinforcing the company’s expansion in the country. Through this transaction, Agro Amazônia strengthens its customer base and geographical coverage, particularly in Mato Grosso and Maranhão states, where Nativa has built strong relationships with local farmers.
This move aligns with Agro Amazônia’s strategy to contribute to the development of Brazilian agriculture by providing high quality agricultural inputs and technical support to farmers. The acquisition enhances Agro Amazônia’s ability to meet the growing demand for agricultural solutions, increase its market share, and support sustainable growth in one of the most important agricultural markets globally.
Context
Adfert, based in Uberlândia, Minas Gerais, is a pioneer and one of the largest manufacturers of specialty fertilizer additives and crop nutrition solutions in the Brazilian market. Founded in 2009, Adfert has developed a complementary and efficient portfolio of high-technology, patent-protected products supplied to fertilizer producers and agricultural distributors.
Indorama Corporation, headquartered in Singapore, is a leading global materials organization with diverse interests in fertilizers, polymers, medical gloves, fibers, and yarns. The group operates 25 manufacturing sites across 8 countries and serves customers worldwide.
Strategic Rationale
The acquisition of Adfert strengthens Indorama’s geographic footprint in the Brazilian fertilizer market, consolidating its presence in one of the most important agricultural regions globally. By integrating Adfert’s innovative portfolio of specialty additives and fertilizers, Indorama expands its agricultural solutions offering and enhances its ability to serve Brazilian fertilizer producers and distributors with cutting-edge, high value products.
Context
Founded in 1974, Yoshida & Hirata operates four agricultural input retail stores in São Paulo’s Green Belt region. Known for its culture of excellence, the company provides tailored solutions to farmers in the state, with a strong focus on leafy greens production.
Strategic rationale
igc partners advised Yoshida & Hirata on its transaction with Adubos Real. The acquisition aims to strengthen both companies’ presence in the region and support the development of a more sustainable agribusiness sector in Brazil. The integration enables Yoshida & Hirata to contribute to Adubos Real’s long-term growth strategy and commitment to responsible agriculture.
Context
Founded in 2005, Marca Agro Mercantil is one of the largest distributors of agricultural inputs in Triângulo Mineiro, Alto do Parnaíba, and Southwest Minas Gerais. The company has 7 stores in the region, in addition to an industrial seed treatment unit, providing support for more than 1,700 rural producers in soybean, corn, coffee, and sugar cane crops.
Nutrien is present in 13 countries and 3 continents, bringing together more than 2,000 distribution facilities, which serve more than half a million producers. Currently, Nutrien has the world’s largest network in agricultural solutions, supported by 23,500 employees.
Strategic Rationale
The acquisition of Marca Agro strengthens Nutrien’s footprint in the strategic agricultural region of Minas Gerais, Brazil. The transaction integrates seven stores and 160 agricultural consultants into Nutrien’s network, enhancing its ability to deliver customized, integrated solutions to small and medium sized farmers. This expansion increases Nutrien’s local reach and customer base while reinforcing its commitment to sustainability and farmer success in one of Brazil’s most important farming regions.
Context
Ecotec Fumigation is a Brazilian pest control and fumigation services company, specializing in providing innovative and effective solutions to protect businesses, homes, and public spaces from pests and infestations. Known for its technical expertise and commitment to safety and quality, Ecotec has built a strong presence and reputation in the Brazilian market.
Rentokil Initial is a global leader in pest control and hygiene services, headquartered in the UK, with operations in over 80 countries. The company provides pest control, fumigation, and hygiene solutions to commercial and residential customers worldwide, leveraging its scale and innovation to deliver safe, sustainable services.
Strategic Rationale
The acquisition of Ecotec consolidates the presence of Rentokil in Brazil, and allows entry into the Argentine market. The strategy also allows the buyer to expand its operations in the fumigation market in Brazil and leverage its global expertise in pest control, increasing its customer base and contributing to growth in Latin America.
Context
Fertgrow, based in São Luís do Maranhão, is a leading fertilizer blender in Brazil’s Northern Arc region, comprising Maranhão, Piauí, Tocantins (MAPITO), Pará, and northeastern Mato Grosso. Since its founding in 2015, Fertgrow has delivered approximately 700,000 tonnes of NPK fertilizers through its qualified sales team.
Uralkali, headquartered in Russia, is one of the world’s largest potash producers, with a strong global presence and a focus on supplying fertilizers to key agricultural markets.
Strategic Rationale
This acquisition enables Uralkali to expand its logistics and distribution infrastructure in one of the world’s largest fertilizer-consuming markets. By acquiring Fertgrow’s distribution capabilities, Uralkali gains direct access to Brazil’s agricultural supply chain, enhancing supply reliability in Latin America and strengthening its global market position.
Context
Diban is a Brazilian distributor of agricultural inputs, based in Campinas, São Paulo. The company provides a range of products such as fungicides, herbicides, resistance inducers, and other crop protection solutions.
Marubeni Corporation, headquartered in Tokyo, Japan, and founded in 1858, is a global trading and investment conglomerate with operations in various sectors, including food, agriculture, chemicals, energy, and industrial machinery.
Context
Bio Rural, a distributor of agricultural inputs founded in 1997, is the largest distributor in Mato Grosso do Sul, Brazil. The company operates nine stores in the central-southern region of the state, serving more than a thousand soybean and corn producers.
Nutrien Ltd., listed on the TSX and NYSE, is the world’s largest distributor of agricultural inputs, with vertical operations in seeds, crop nutrition, and protection. Present in 14 countries across 3 continents, the company operates around 2,000 distribution facilities and serves over half a million producers, supported by more than 22,000 employees.
Strategic Rationale
The acquisition of Bio Rural strengthens Nutrien’s footprint in Brazil, particularly in Mato Grosso do Sul, by integrating nine additional stores and deepening its reach in an agriculturally important region. This move enhances Nutrien’s ability to provide integrated solutions to local farmers while supporting its broader strategy of expanding in key Brazilian agricultural markets.
Context
Founded in 2003 in Maceió, Terra Soluções Agrícolas is one of the largest agricultural input distributors in Brazil’s Northeast, with operations in four states and a focus on high-value-added products. The company works across several segments, including crop protection, foliar nutrition, fertilizers, animal health and nutrition, seeds, and irrigation — with strong positioning in sugarcane, cereals, and horticulture.
Strategic rationale
igc partners advised Terra Soluções Agrícolas on the transaction with Ihara, a company focused on developing crop protection products. The acquisition aligns with Ihara’s strategy to strengthen its presence and investment in new agribusiness segments, leveraging the growth potential of the Northeast region.
Context
Founded in 1995 in Recife, the group formed by SC Tec, Campo Total, and Agro Seiva specializes in distributing agricultural inputs, with strong operations in fruit crops, sugarcane, and irrigation. The companies offer a full portfolio of crop protection products, seeds, and solid and foliar fertilizers, operating 8 stores across 4 states in Brazil’s Northeast region.
Strategic rationale
igc partners advised the group on its transaction with Ihara, a company focused on developing crop protection products. The acquisition supports Ihara’s strategic plan to expand its presence in new agribusiness segments and tap into the growth potential of Brazil’s Northeast.
Context
Terra Nova is a Brazilian distributor of agricultural inputs, operating a network of nine stores and generating approximately BRL 250 million in annual revenue. The company has built strong relationships with farmers by providing quality products and technical support for soybean, corn, and other key crops.
Nutrien Ltd., listed on TSX and NYSE, is the world’s largest provider of crop inputs and services, with vertical operations in seeds, crop nutrition, and crop protection. Present in 13 countries and 3 continents, Nutrien operates more than 2,000 distribution facilities, serving over half a million producers worldwide and supported by 23,500 employees.
Strategic Rationale
The acquisition of Terra Nova strengthens Nutrien’s retail footprint in Brazil by integrating nine additional stores into its network, increasing its reach and ability to deliver customized solutions to farmers. The transaction aligns with Nutrien’s strategy of expanding its presence in key agricultural regions, enhancing its capacity to serve local producers with integrated and innovative agricultural solutions. The deal also complements Nutrien’s digitally enabled retail platform, bolstering scalability and operational integration.
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We have adapted igc’s 28 years of experience to create a tailor-made process for the sector, whether in M&A or fundraising. We work across different transaction profiles and theses, with a specialized team that ensures a strategic approach to structuring, outreach, and negotiation.
Fundraising transactions.
BRL transacted with national and international funds.
We work with a broad network of strategic buyers and financial investors globally, including private equity funds, family offices, and multinational companies across various industries.
We work with a broad network of strategic buyers and financial investors globally, including private equity, growth, venture capital funds, and multinational companies across various industries.
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We closely monitor the development of key sector theses and transaction profiles. Over the past years, we have been responsible for several significant transactions, connecting global buyers to the sector.
We closely monitor the development of key sector theses and transaction profiles. In recent years, we have been responsible for several significant transactions, connecting global buyers to the sector.
Context
Founded in 2005, Marca Agro Mercantil is one of the largest distributors of agricultural inputs in Triângulo Mineiro, Alto do Parnaíba, and Southwest Minas Gerais. The company has 7 stores in the region, in addition to an industrial seed treatment unit, providing support for more than 1,700 rural producers in soybean, corn, coffee, and sugar cane crops.
Nutrien is present in 13 countries and 3 continents, bringing together more than 2,000 distribution facilities, which serve more than half a million producers. Currently, Nutrien has the world’s largest network in agricultural solutions, supported by 23,500 employees.
Strategic Rationale
The acquisition of Marca Agro strengthens Nutrien’s footprint in the strategic agricultural region of Minas Gerais, Brazil. The transaction integrates seven stores and 160 agricultural consultants into Nutrien’s network, enhancing its ability to deliver customized, integrated solutions to small and medium sized farmers. This expansion increases Nutrien’s local reach and customer base while reinforcing its commitment to sustainability and farmer success in one of Brazil’s most important farming regions.
Context
Bio Rural, a distributor of agricultural inputs founded in 1997, is the largest distributor in Mato Grosso do Sul, Brazil. The company operates nine stores in the central-southern region of the state, serving more than a thousand soybean and corn producers.
Nutrien Ltd., listed on the TSX and NYSE, is the world’s largest distributor of agricultural inputs, with vertical operations in seeds, crop nutrition, and protection. Present in 14 countries across 3 continents, the company operates around 2,000 distribution facilities and serves over half a million producers, supported by more than 22,000 employees.
Strategic Rationale
The acquisition of Bio Rural strengthens Nutrien’s footprint in Brazil, particularly in Mato Grosso do Sul, by integrating nine additional stores and deepening its reach in an agriculturally important region. This move enhances Nutrien’s ability to provide integrated solutions to local farmers while supporting its broader strategy of expanding in key Brazilian agricultural markets.
Context
Agrosema Comercial Agricola Ltda., founded over 30 years ago in southern Brazil, operates approximately 12 farm centers with annual sales near US$60 million and around 200 employees, serving a strong regional presence in crop retail.
Nutrien Ltd. is the world’s largest provider of crop inputs and services, producing and distributing over 25 million tonnes of potash, nitrogen, and phosphate worldwide and serving more than 500,000 growers through nearly 2,000 ag retail centers across three continents. In Brazil, Nutrien Ag Solutions already maintains a central fertilizer blending facility and six additional facilities in the states of São Paulo and Minas Gerais.
Strategic Rationale
The acquisition of Agrosema marks Nutrien’s first on-the-ground expansion in Brazil, complementing an initial US$1 billion investment plan announced in 2019 to grow its Brazilian ag-retail presence.
Agrosema provides an immediate channel to reach farmers in southern Brazil and advances Nutrien’s ambition to achieve approximately 30% market penetration in the country’s distribution landscape. The transaction adds another touchpoint for its product suite, including specialty liquid fertilizers from its Agrichem unit and reinforces its long-term strategy of combining acquisitions with organic facility growth.
Context
Founded in 1990, Abase is a Brazilian distributor of veterinary health care products based in Jaguariúna, São Paulo. The company serves companion animals, swine, poultry, and bovine segments and offers pharmaceuticals, pet food, diagnostic equipment, and consumables.
Henry Schein, headquartered in Melville, New York, is the world’s largest provider of health care products and services to dental, animal health, and medical practitioners.
Strategic Rationale
Henry Schein’s majority investment in Abase strengthens its position in Brazil’s animal health market, complementing an earlier investment in Tecnew in Rio de Janeiro. The deal diversifies Henry Schein's supplier relationships, approximately doubles its Brazilian volume, and supports its ambition to help veterinarians in Brazil run more efficient, successful practices while delivering high-quality care.
We work with a broad network of strategic buyers and financial investors globally, including private equity funds, family offices, and multinational companies across various industries.
We work with a broad network of strategic buyers and financial investors globally, including private equity, growth, venture capital funds, and multinational companies across various industries.
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We closely monitor the development of key sector theses and transaction profiles. Over the past years, we have been responsible for several significant transactions, connecting global buyers to the sector.
We closely monitor the development of key sector theses and transaction profiles. In recent years, we have been responsible for several significant transactions, connecting global buyers to the sector.
Context
Founded in 1974, Yoshida & Hirata operates four agricultural input retail stores in São Paulo’s Green Belt region. Known for its culture of excellence, the company provides tailored solutions to farmers in the state, with a strong focus on leafy greens production.
Strategic rationale
igc partners advised Yoshida & Hirata on its transaction with Adubos Real. The acquisition aims to strengthen both companies’ presence in the region and support the development of a more sustainable agribusiness sector in Brazil. The integration enables Yoshida & Hirata to contribute to Adubos Real’s long-term growth strategy and commitment to responsible agriculture.
Context
Founded in 2007, VitalForce is recognized for its innovative and comprehensive portfolio of crop nutrition and protection products, including biopesticides, specialty fertilizers, adjuvants, and biostimulants. The company operates across 17 Brazilian states, Paraguay, and Uruguay, with a sales force of about 70 representatives and more than 300 distributors.
Grupo Lwart, the parent company of Lwart Soluções Ambientais, is a global benchmark and Brazil’s leader in the collection and transformation of used lubricating oil, as well as post-consumer waste management. With over 50 years of experience, the group is now entering the agribusiness sector.
Strategic rationale
The transaction marks Lwart’s entry into the agricultural inputs market, particularly in specialty fertilizers and biological crop protection, while reinforcing its sustainability-driven mission. The acquisition positions the group in a high-potential sector through a respected and well-established company. VitalForce was advised by igc partners in the transaction.
Context
Founded in 2003 in Maceió, Terra Soluções Agrícolas is one of the largest agricultural input distributors in Brazil’s Northeast, with operations in four states and a focus on high-value-added products. The company works across several segments, including crop protection, foliar nutrition, fertilizers, animal health and nutrition, seeds, and irrigation — with strong positioning in sugarcane, cereals, and horticulture.
Strategic rationale
igc partners advised Terra Soluções Agrícolas on the transaction with Ihara, a company focused on developing crop protection products. The acquisition aligns with Ihara’s strategy to strengthen its presence and investment in new agribusiness segments, leveraging the growth potential of the Northeast region.
Context
Founded in 1995 in Recife, the group formed by SC Tec, Campo Total, and Agro Seiva specializes in distributing agricultural inputs, with strong operations in fruit crops, sugarcane, and irrigation. The companies offer a full portfolio of crop protection products, seeds, and solid and foliar fertilizers, operating 8 stores across 4 states in Brazil’s Northeast region.
Strategic rationale
igc partners advised the group on its transaction with Ihara, a company focused on developing crop protection products. The acquisition supports Ihara’s strategic plan to expand its presence in new agribusiness segments and tap into the growth potential of Brazil’s Northeast.
Context
Founded 27 years ago, Maxum was the first Case IH dealership in Brazil and is one of the most established and respected players in the sector. The company offers a full portfolio of agricultural machinery — including planters, tractors, harvesters, and sprayers — paired with high-quality service and long-term customer support.
Brasif Máquinas is known for distributing equipment from brands such as Case Construction, Hyster, Yale, FPT Industrial, and Indeco, with a strong presence in the construction and logistics sectors.
Strategic rationale
The acquisition of Maxum marks Brasif’s entry into the agricultural equipment distribution market, significantly expanding its portfolio. With agribusiness now part of its strategy, Brasif expects to grow revenue by 40% this year alone. igc partners acted as Maxum’s exclusive financial advisor in the transaction.
Context
Founded in 1986, Grupo Desempar is an agricultural input distributor and one of the largest independent players in the state of Paraná, Brazil. The company operates 19 stores and serves more than 19,000 farmers across the region.
The transaction included the acquisition of five companies within the group: Denorpi, Deragro, Futuragro, Plenaferil, and Realce.
Strategic rationale
igc partners advised Grupo Desempar in the transaction with Lavoro, one of Brazil’s leading agricultural input distribution platforms. The acquisition aims to consolidate Lavoro’s footprint in Brazil and strengthen its market leadership position.
Context
Founded 15 years ago, Grão de Ouro Agronegócios is one of the leading agricultural input distributors in the state of Minas Gerais. The company serves over 4,000 farmers and also operates a wholesale division — Grão de Ouro Insumos — supplying agricultural inputs to local resellers.
Strategic rationale
igc partners advised Grão de Ouro on the sale of a majority stake to Aqua Capital, a private equity fund focused on agribusiness and food in Latin America. The investment aims to strengthen and expand Grão de Ouro’s regional operations, leveraging Aqua Capital’s experience and position in the sector.
Context
Founded in September 2007, Green Ventures is a biodiesel plant located in Lucas do Rio Verde, Mato Grosso, established shortly before biodiesel blending became mandatory in Brazil in early 2008. The facility currently ranks 35th nationwide and has an annual production capacity of approximately 202.7 thousand m³. The buyer, Oleoplan, is one of Brazil’s largest biodiesel producers, with nationwide operations across multiple regions.
Strategic rationale
With the acquisition of Green Ventures, Oleoplan will operate five plants across four of Brazil’s five regions, reaching a total installed capacity of 1.64 million m³ per year — reclaiming the sector’s leadership from Cargill, which had previously taken the lead after acquiring Granol’s assets. The transaction aligns with both companies’ strategies: Oleoplan strengthens its presence in the biodiesel market, while Fiagril sharpens its focus on crop inputs and grain operations, aiming to provide top-tier solutions and technologies to farmers.
Context
Founded in 1988, Ferrari Zagatto is one of the largest agricultural input distributors in northwestern Paraná. The company operates 14 input retail stores and 9 grain handling units, serving over 2,700 farmers across the region.
Strategic rationale
igc partners advised Ferrari Zagatto on the sale of a majority stake to AgroGalaxy, one of Brazil’s leading agricultural input distribution platforms. The acquisition aims to strengthen AgroGalaxy’s footprint in southern Brazil and reinforce its leadership in the national ag-retail market.
Context
Farmtech, founded in 2017, is the leader in Brazil’s rural digital credit market. The fintech has built a scalable model through partnerships with agricultural input resellers and manufacturers, now serving 85% of the sector’s distribution chain. The company has enabled R$22 billion in credit across 200,000 operations through a fast-release financing platform integrated with distributors.
Bewater is a venture capital firm focused on growth-stage companies, offering long-term capital and strategic support.
Strategic rationale
The funding aims to solidify Farmtech’s position as the leading digital credit platform in Brazilian agriculture while enabling expansion into new verticals, such as machinery financing. igc partners acted as Farmtech’s exclusive financial advisor in the transaction with Bewater.
Context
Casa do Adubo is an ag-input company with over 80 years of history, operating 20 stores across Espírito Santo, Bahia, Rio de Janeiro, Minas Gerais, Mato Grosso, Rondônia, Pará, and Acre. The company employs over 500 professionals across retail locations and field sales. It also controls Casal Distribuidora, a business focused on supplying agricultural inputs to small and mid-sized resellers.
Strategic rationale
igc partners advised Casa do Adubo on a capital raise with Axxon Group, a private equity firm focused on generating value in mid-sized Brazilian companies. The investment aims to strengthen and expand the national operations of both Casa do Adubo and Casal Distribuidora.
Context
Casa da Vaca, one of Brazil’s largest distributors of veterinary products and agricultural inputs, was advised by igc partners in the sale of a majority stake to Aqua Capital, a private equity fund focused on agribusiness, food, and logistics sectors. Headquartered in Perdões, Minas Gerais and founded in 1975, the company maintains a stock of over 4,000 items, with sales concentrated in Minas Gerais, Rio de Janeiro, and Espírito Santo.
Strategic rationale
The investment aimed to consolidate Casa da Vaca’s operations in the Southeast region and expand its pet-care product businesses.
Context
Grupo Agrosepac is a vertically integrated agribusiness in the pine wood sector, founded 60 years ago in the city of Mallet, Paraná. The group owns 6,000 hectares of pine-producing land, which supports its broader operations — including raw timber sales, industrial lumber processing, and the manufacturing of knot-free plywood panels. Currently, 90% of the group’s sales are export-based.
Strategic rationale
Agrosepac completed the issuance of a CRA worth R$ 53,000,000. The proceeds will fund the expansion of its vertical integration project and the working capital required for its expected growth in the coming years. The group began its verticalization strategy in 2018, and this CRA will finance the third phase, which includes building a facility to convert wood manufacturing waste into biomass (pellets), as well as strengthening working capital and refinancing short-term debt with a new six-year term. igc partners structured the transaction and acted as Agrosepac’s financial advisor.
Context
Agro 100 is an agricultural inputs distributor headquartered in Paraná, also operating in Mato Grosso do Sul, focused on ag input sales and grain handling.
Strategic rationale
igc partners advised Agro 100 on the sale of a majority stake to Aqua Capital, a private equity firm focused on agribusiness, food, and logistics. The deal was part of a broader consolidation strategy that led to the creation of Agro Galaxy, formed through a series of regional acquisitions backed by Aqua Capital in 2017.
We work with a broad network of strategic buyers and financial investors globally, including private equity funds, family offices, and multinational companies across various industries.
We work with a broad network of strategic buyers and financial investors globally, including private equity, growth, venture capital funds, and multinational companies across various industries.
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We closely monitor the development of key sector theses and transaction profiles. Over the past years, we have been responsible for several significant transactions, connecting global buyers to the sector.
We closely monitor the development of key sector theses and transaction profiles. In recent years, we have been responsible for several significant transactions, connecting global buyers to the sector.
Context
Founded in 1999 in Brazil, Oligo Basics developed an innovative portfolio of feed additives based on natural ingredients (Functional Oils) for animal health and nutrition, addressing the growing global concern for antimicrobial resistance to antibiotics.
Present in 14 Brazilian states, the United States, Taiwan, Chile, Bolivia, and Peru, the Company manufactures and distributes its products with proven effects, driving animal feed efficiency improvements for multiple species, including poultry, swine, and cattle.
Headquartered in Berchem, Belgium, Innovad Group is a global supplier of animal health and nutrition solutions, with sales to over 75 countries and production facilities in Belgium and Italy.
Innovad is majority owned by IK Partners, a leading European private equity firm with an established presence of over 30 years and significant experience investing in the broader animal health industry.
Strategic Rationale
The transaction reinforces Innovad’s focus on becoming a global platform of natural ingredients for animal health and nutrition, leveraging the exclusive technology developed by Oligo Basics to continue revolutionizing the Brazilian and global markets for natural feed additives.
It enables Innovad to establish a strong foothold in the Brazilian and broader Latin American markets, while its global footprint will help accelerate Oligo Basics’ international sales, particularly in North America. The combination of both companies’ technical expertise and innovative capabilities is expected to create significant synergies.
Context
Ecotec Fumigation is a Brazilian pest control and fumigation services company, specializing in providing innovative and effective solutions to protect businesses, homes, and public spaces from pests and infestations. Known for its technical expertise and commitment to safety and quality, Ecotec has built a strong presence and reputation in the Brazilian market.
Rentokil Initial is a global leader in pest control and hygiene services, headquartered in the UK, with operations in over 80 countries. The company provides pest control, fumigation, and hygiene solutions to commercial and residential customers worldwide, leveraging its scale and innovation to deliver safe, sustainable services.
Strategic Rationale
The acquisition of Ecotec consolidates the presence of Rentokil in Brazil, and allows entry into the Argentine market. The strategy also allows the buyer to expand its operations in the fumigation market in Brazil and leverage its global expertise in pest control, increasing its customer base and contributing to growth in Latin America.
Context
In June 2018, Origin Enterprises PLC, an Irish-based agri-services company listed on Euronext Dublin and AIM, entered the Brazilian market through the acquisition of a 20% equity stake in Ferrari Zagatto E Cia Ltda., a Brazilian distributor of agronomy services, inputs, and crop marketing solutions headquartered in Paraná.
Ferrari Zagatto, founded in 1988, is recognized for providing agronomy services, crop inputs, and marketing support to grain and specialty crop growers—approximately 4,000 farmers—throughout Paraná, the second-largest soybean and corn producing region in Brazil
Context
Fortgreen Commercial Agrícola Ltd., founded in 2004 and headquartered in Paiçandu, Paraná, develops and markets advanced crop technologies, including foliar fertilizers, biostimulants, adjuvants, and slow-release fertilizers. The company serves around 1,200 customers via B2B and retail channels.
Origin Enterprises plc, founded in 1897 and headquartered in Dublin, Ireland, is an international agri-services group supplying crop technologies, agronomic consultancy, and digital solutions. It holds operations across Europe and has been actively expanding in Brazil and Latin America since 2018.
Strategic Rationale
In mid-2018, Origin acquired a 65% stake in Fortgreen as part of its expansion into South American agri-input markets. The investment aimed to bolster Origin’s technological capabilities in crop nutrition, diversify its geographic footprint, and provide access to products designed for Brazil’s large-scale agriculture sector.
We work with a broad network of strategic buyers and financial investors globally, including private equity funds, family offices, and multinational companies across various industries.
We work with a broad network of strategic buyers and financial investors globally, including private equity, growth, venture capital funds, and multinational companies across various industries.
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We closely monitor the development of key sector theses and transaction profiles. Over the past years, we have been responsible for several significant transactions, connecting global buyers to the sector.
We closely monitor the development of key sector theses and transaction profiles. In recent years, we have been responsible for several significant transactions, connecting global buyers to the sector.
Context
Fass Agro, founded in 2017 and headquartered in Sertãozinho (SP), specializes in the production and commercialization of liquid fertilizers. Recognized for its quality and strong regional presence, the company has established itself as a trusted partner for farmers, offering effective solutions and technical support that enhance results in the field.
Adufértil Fertilizantes, part of the Indorama Corporation group, is a reference in crop nutrition solutions. With operations in São Paulo and Minas Gerais, the company is integrated into one of the world’s largest chemical and petrochemical conglomerates, present in more than 30 countries and strongly active in agricultural inputs.
Strategic Rationale
The acquisition of Fass Agro strengthens Adufértil’s strategy of expanding its presence in the liquid fertilizer segment, positioning it among the leading suppliers in Brazil. The combination of both companies’ expertise will deliver operational efficiencies, enhanced technical know-how, and broader client reach, complementing Indorama’s already consolidated solid fertilizer portfolio.
Context
Adfert, based in Uberlândia, Minas Gerais, is a pioneer and one of the largest manufacturers of specialty fertilizer additives and crop nutrition solutions in the Brazilian market. Founded in 2009, Adfert has developed a complementary and efficient portfolio of high-technology, patent-protected products supplied to fertilizer producers and agricultural distributors.
Indorama Corporation, headquartered in Singapore, is a leading global materials organization with diverse interests in fertilizers, polymers, medical gloves, fibers, and yarns. The group operates 25 manufacturing sites across 8 countries and serves customers worldwide.
Strategic Rationale
The acquisition of Adfert strengthens Indorama’s geographic footprint in the Brazilian fertilizer market, consolidating its presence in one of the most important agricultural regions globally. By integrating Adfert’s innovative portfolio of specialty additives and fertilizers, Indorama expands its agricultural solutions offering and enhances its ability to serve Brazilian fertilizer producers and distributors with cutting-edge, high value products.
Context
Nativa Agronegócios, an agricultural inputs retailer, completed the sale of its operation to Agro Amazônia, an agricultural inputs retailer in Brazil, with distribution operations in crop protection, seeds, fertilizers and animal’s health and nutrition products.
Founded in 2000, Nativa Agronegócios is considered one of the largest agricultural inputs retailers in Minas Gerais, focusing essentially on Triângulo Mineiro and Alto Paranaíba regions. With eight stores and one modern bulk blending fertilizer facility, the company serves more than two thousand rural producers in a great variety of crops.
Agro Amazônia, a Sumitomo Corporation’s subsidiary company, is currently the largest agricultural inputs distributor in Brazil, with 50 stores prepared to meet the demand for agricultural inputs on the main markets of the national territory.
Strategic Rationale
The acquisition of Nativa Agronegócios aims to consolidate Agro Amazônia’s presence in Brazil, reinforcing the company’s expansion in the country. Through this transaction, Agro Amazônia strengthens its customer base and geographical coverage, particularly in Mato Grosso and Maranhão states, where Nativa has built strong relationships with local farmers.
This move aligns with Agro Amazônia’s strategy to contribute to the development of Brazilian agriculture by providing high quality agricultural inputs and technical support to farmers. The acquisition enhances Agro Amazônia’s ability to meet the growing demand for agricultural solutions, increase its market share, and support sustainable growth in one of the most important agricultural markets globally.
Context
Fertgrow, based in São Luís do Maranhão, is a leading fertilizer blender in Brazil’s Northern Arc region, comprising Maranhão, Piauí, Tocantins (MAPITO), Pará, and northeastern Mato Grosso. Since its founding in 2015, Fertgrow has delivered approximately 700,000 tonnes of NPK fertilizers through its qualified sales team.
Uralkali, headquartered in Russia, is one of the world’s largest potash producers, with a strong global presence and a focus on supplying fertilizers to key agricultural markets.
Strategic Rationale
This acquisition enables Uralkali to expand its logistics and distribution infrastructure in one of the world’s largest fertilizer-consuming markets. By acquiring Fertgrow’s distribution capabilities, Uralkali gains direct access to Brazil’s agricultural supply chain, enhancing supply reliability in Latin America and strengthening its global market position.
Context
Founded in 1980 and based in Pouso Alegre, Minas Gerais, Adubos Real S.A. is a leading Brazilian agri-input retailer offering a full range of services and products, including proprietary fertilizers, pesticides, and seeds through its wholesale unit Diamig, which serves local retailers
Marubeni Corporation, headquartered in Tokyo and founded in 1858, is a major Japanese trading and investment conglomerate with diverse operations spanning food, agricultural inputs, chemicals, energy, industrial machinery, and transportation
In October 2019, Marubeni made an equity investment, acquiring a partial stake in Adubos Real, making the latter its subsidiary to support expansion in agribusiness
Strategic Rationale
Marubeni’s investment in Adubos Real aligns with its global expansion strategy in agri-input retail, particularly in Brazil. The partnership enables Marubeni to share its international experience and support local growers with advanced solutions that boost productivity and sustainability, addressing evolving agricultural challenges across limited farmlands.
Context
Diban is a Brazilian distributor of agricultural inputs, based in Campinas, São Paulo. The company provides a range of products such as fungicides, herbicides, resistance inducers, and other crop protection solutions.
Marubeni Corporation, headquartered in Tokyo, Japan, and founded in 1858, is a global trading and investment conglomerate with operations in various sectors, including food, agriculture, chemicals, energy, and industrial machinery.
igc is a leader in agribusiness transactions, with a strong focus on various segments. We understand the dynamics of each market and, through the sector specialization of our teams, have successfully adapted to the unique characteristics of each one.
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A igc esteve presente na trajetória de alguns dos maiores empresários do Brasil, conduzindo transações em diversos setores, sempre ao lado do empreendedor.
"The closing of our deal with an international company demonstrates the full capability of igc’s team to position your business on a global level."
"In all conversations, igc’s recommendation was unanimous. They are a benchmark and speak the same language as agribusiness, which gave us a very solid foundation of trust.“
"When the deal seemed to reach a crossroads, igc would come up with a solution, bringing the parties back to the table and facilitating conversations to move the deal forward.“
"In agribusiness, I believe igc is the most relevant advisor. You understand exactly how entrepreneurs think.”
"The timing of our transaction was perfect. Everything happened exactly as it should have.“
"The involvement of the partners is extremely important; they are directly connected with you and make you feel comfortable."
“I discovered things about my company that I didn’t even know. I would say that family businesses should go through this process even if they have no intention of selling. That’s when you truly see what is valuable in your company. Without igc, the value of the company we sold would have been 20% to 30% lower.”
Our positioning is clear and unique: we act exclusively on the sell-side, avoiding any conflict of interest. Always by the business owner’s side, we are committed to achieving the best possible transaction for our client.
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