New Delhi: Henderson Equity Partners announced investment of $21.5 million (about Rs 84 crore) in Mumbai-based agrochemical company, Sharda Worldwide Exports.
The company aims to have a leading presence in the majority of geographies and the funds raised are envisaged to increase our presence in the US and Europe, said R V Bubna, Director, Sharda Worldwide Exports Pvt Ltd.
"Our team has consistently demonstrated its ability to garner a sizeable market share in key geographies and we believe that Sharda is now on a critical growth path which will position it as one of the leaders in this industry,” he said.
The company advised by Ernst & Young, however, refused to disclose the equity stake being picked up by the UK-based private equity firm.
The company markets off-patent agrochemicals across 50 countries and across the herbicide, fungicide and insecticide sectors, he said, adding it follows an asset-light strategy sourcing through a global network of cost-competitive suppliers ensuring quality control from production to dispatch.
Commenting on the investment Vishal Marwaha, Partner of Henderson Equity Partners said, "We believe that the sector and the company will be strong beneficiaries of increasing regulation of agrochemicals and increasing crop acreage."
The company is very well positioned to make acquisitions of niche product registrations in the regulated markets, he said.
The company aims to have a leading presence in the majority of geographies and the funds raised are envisaged to increase our presence in the US and Europe, said R V Bubna, Director, Sharda Worldwide Exports Pvt Ltd.
"Our team has consistently demonstrated its ability to garner a sizeable market share in key geographies and we believe that Sharda is now on a critical growth path which will position it as one of the leaders in this industry,” he said.
The company advised by Ernst & Young, however, refused to disclose the equity stake being picked up by the UK-based private equity firm.
The company markets off-patent agrochemicals across 50 countries and across the herbicide, fungicide and insecticide sectors, he said, adding it follows an asset-light strategy sourcing through a global network of cost-competitive suppliers ensuring quality control from production to dispatch.
Commenting on the investment Vishal Marwaha, Partner of Henderson Equity Partners said, "We believe that the sector and the company will be strong beneficiaries of increasing regulation of agrochemicals and increasing crop acreage."
The company is very well positioned to make acquisitions of niche product registrations in the regulated markets, he said.
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