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Investec acted as the Exclusive Financial Advisor to Safex Chemicals India Limited (“Safex Chemicals”) and BanyanTree Growth Capital on $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.

 

Investec's role:

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.

 

About Safex Chemicals:

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 ~$ 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).

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Amit Bhaiya

Amit Bhaiya

Corporate Finance