HIG private equity acquires Brazilian ruminant player

That supplements manufacturer, which is based in in the state of Rondônia, in the northern region of Brazil, is focused primarily on the ruminant market, but also produces fish feed additives.  

HIG, which has $21bn of equity capital under management and specializes in providing both debt and equity capital to small and mid-sized companies, said it aims to support Bigsal in its geographic and portfolio expansion, both organically and inorganically.

“We believe the company will continue to benefit from the migration of cattle farming to the North of Brazil,”​ said the investment group.

HIG also said the growing professionalism of Brazilian cattle farmers will serve Bigsal in its growth plans, as they are increasingly focused on the value add animal nutrition products can bring in terms of productivity.

Bigsal’s management team is set to remain post acquisition.