About the deal

Safex Chemicals announced that it has acquired Briar Chemicals, UK-based leading agrochemicals CDMO solutions provider from AURELIUS Equity Opportunities. This is the largest outbound agrochemicals based CDMO transactions. Briar is Safex’s first overseas acquisition and third acquisition in the last 18 months. Acquisition of Briar makes Safex, one of India’s leading integrated player in the agrochemicals industry with presence in Intermediates, Technicals, Patented CDMO and B2C Formulations space.

Investec acted as the Exclusive Financial Advisor to Safex.

About Safex

Founded in 1991, Safex Chemicals is a leading pan-India player engaged in the manufacture and sale of crop protection products across India. Safex Chemicals is amongst the fastest growing agrochemical companies in India with a 25%+ revenue CAGR over the past 5 years. Safex operates six manufacturing facilities located across India. Safex is backed by ChrysCapital, one of India’s largest private equity firms, which owns a significant minority stake in the business.