Investec advises Safex and BanyanTree on its USD 50 million stake sale to ChrysCapital

About the deal

Investec acted as the Exclusive Financial Advisor to Safex Chemicals India Limited (“Safex Chemicals”) and BanyanTree Growth Capital on ~USD 50 million investment in the Company by ChrysCapital for a significant minority stake. The transaction involves a combination of full secondary sale by an existing PE investor, BanyanTree Growth Capital, along with a primary raise by the Company for growth initiatives.

About Safex

Founded in 1991 by late Mr. SK Jindal and Mr. SK Chaudhary, Safex Chemicals is amongst the fastest growing agrochemical companies in India with a ~26% revenue CAGR over the past 4 years, with revenues of ~USD 90 million in the current fiscal year. It has consistently outperformed the industry in 9 out of the last 10 years (Safex has witnessed 40x growth since 2010 and has a network of 15,000+ distribution partners across India).

What we did

Investec leveraged its understanding of the agrochemical sector and the Indian market to position the asset appropriately. The transaction was done during the peak of COVID pandemic.
We ensured seamless co-ordination between multiple stakeholders and diligence advisors, to ensure strict adherence to transaction timelines and deliver a successful transaction for Safex, BanyanTree and ChrysCapital.