About the deal

Founded in 1997 by Jacques Mignot, Alliando is a €300m revenue leading distributor of animal healthcare products, ranking #3 in France and #1 in pharmacies and in livestock veterinary practices. Following a strong phase of organic and external growth in France, the managers have embarked on an internationalization strategy.

Founded in 2011, Pharmavet aims to become a leader for animal health in Morocco. The company has grown strongly in the past years and offers a portfolio of many diversified products from international brands and suppliers, like MSD and Zoetis, as well as its own products developed locally.

This investment will allow Alliando group to set foot in Morocco while benefiting from Pharmavet’s know-how, its reputation and its relationship with local pharmaceutical companies. Pharmavet will benefit in return from Alliando’s expertise in the distribution of veterinary products, its footprint in several West African countries and could become the group’s African operations hub.

What we did

Capitalmind Investec has advised Alliando all along the acquisition process, especially in structuring and negociating the deal.