Acquisition of Ewabo Chemikalien by Theseo

Food & Agro / Industrials
Deal type
Buy a business
January 2017
Countries involved
France / Germany


Theseo is a subsidiary of Avril Group, part of the Biosecurity & Nutritional Specialities (BSN) business line


Capitalmind advised Theseo (Avril Group) on the acquisition of Ewabo Chemikalien (Germany)


Lead team

  • Michel Degryck

    Michel Degryck

    Managing Partner France
  • Nicolas Balon

    Nicolas Balon

    Partner France
  • Guillaume ten Have

    Guillaume ten Have

    Director France

What we did

Capitalmind actively supported THESEO and the parent company AVRIL to close this tailored cross-border transaction. We initiated one-on-one discussions with the German business owners, who were at first reluctant to engage in negotiations. We provided execution services and support, including valuation and structuring guidance, management of specific Franco-German issues, preliminary business reviews, drafting & negotiation of letters of intent, monitoring due diligence (including selection and briefing of local DD providers), and assistance in the final negotiations and social communications phase.

About the deal

Founded in 2014, THESEO is a leading player in the formulation, production and marketing of disinfectant & hygiene solutions for the agriculture sector (“livestock biosecurity”), holding strong position on the poultry and swine segments. Headquartered in Laval (France), THESEO employs 50+ employees in France, Britain, Brazil and Poland, and exports its products worldwide.

The EWABO acquisition fulfils three core strategic objectives: to provide direct access to the German market, EWABO being one of the leading biosecurity players in Germany, to leverage the widely known Ewabo brand accross the world, and to tap new R&D and regulatory capabilities.