Interim Management and Monitoring

Company:

BIOVET

Sector:

Animal Health

Date:

2013 - present

Founded in 1957, the LABORATÓRIO BIOVET is reference in the production and distribution of medicines for animals. Through its extensive portfolio, focused on innovation and quality, the company provides the most diverse solutions for cattle, poultry, swine and pets.

Services Provided:

  • Dedicated CFO responsible for renegotiation and extension of debt maturity date, control of expenses and costs, budgeting, expansion of the company and professionalization of the company. 2 years project, renewed for additional two years

  • In addition to management, Setter advises the company on buy-side M&A projects

  • Participation in the Company's Board of Directors

Challenges:

  • Low level of Corporate Governance

  • High leverage

  • Low profitability

  • Absence of meritocracy culture 

  • Lack of strategic map

Changes:

  • Renegotiation and extension of debts maturity date with banks 

  • Great reduction of cost and expense 

  • Definition of new organogram and strategic map

  • Creation of rigid monitoring and reporting routines

  • Implementation of corporate governance and improvement of management tools

 

Achievements:

  • Restructuring of the company's debt

  • Growth of more than 20% per year in the last 5 years

  • Implementation of high corporate governance practices

  • Partnership model for alignment of key executives with company partners

Rua Joaquim Floriano, 72 - Conjunto 41 - Itaim Bibi - São Paulo/SP

Phone.: + 55 (11) 3073-1690 - setter@setterinvestimentos.com.br