IK PARTNERS takes majority stake in Innovad Group

A leadership succession between founder Jamal Al-Saifi and fellow co-founder Ben Letor anchors the ownership transition under which IK Investment Partners entered exclusive discussions to acquire a majority stake in Innovad Group. Executed through the IK IX Fund, the buyout marks the retirement of the founder and outgoing CEO, while Ben Letor assumes the Chief Executive Officer role and reinvests substantially alongside the incumbent management team and the incoming private equity sponsor. The perimeter of the transaction encompasses the concurrent acquisition of Add-Co Nutrition, an Italian feed additives producer specialized in natural pigments and concentrates, which becomes a wholly owned subsidiary of the Innovad Group. At the time of the agreement, Innovad employs over 80 people globally, including specialized veterinarians and nutritionists, and serves more than 200 customer accounts across 65 countries. Over the preceding decade, the company sustained double-digit annual revenue growth through organic expansion, targeted add-on acquisitions, and joint ventures. The investment thesis formulated by IK centers on expanding Innovad's positioning across premium intestinal health and mycotoxin stress control additives, scaling global commercial distribution, and executing further strategic add-on acquisitions within the fragmented animal nutrition sector. Completion of the transaction remains subject to customary legal and regulatory approvals.