12 Dec 2025

Ropes & Gray Advises PAI Partners on Acquisition of Innovad from IK Partners

"Ropes & Gray advised PAI Partners on the acquisition of Innovad from IK Partners. Innovad, based in Antwerp, is a leading provider of animal health and nutrition solutions, including a broad range of feed additives. PAI plans to support Innovad’s transformation by accelerating organic growth, pursuing strategic acquisitions and consolidating its development platform. Closing expected Q1 2026."

Ropes & Gray advised PAI Partners on the acquisition of the Innovad group from IK Partners. Ropes & Gray provided advice on all legal aspects of the transaction. Innovad, headquartered in Antwerp, Belgium, is a leading supplier of animal health and nutrition solutions and offers a wide range of feed additives. PAI Partners intends to support the transformation of Innovad and further establish the group as a market leader in feed additives by accelerating organic growth, pursuing strategic acquisitions and consolidating the group’s development platform. The transaction is expected to be completed in the first quarter of 2026. Ropes & Gray represented client(s) PAI Partners with a team composed by: Fabrice Cohen, partner (led the team in Paris); Raphaël Durand, counsel; Alexis Mesnildrey, senior associate; Jean-Christophe Urrutia-Calvet, associate; Chloë Pakiry, associate.
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