Developer docs
API playgroundTry for free, no card

Search company profiles

Biofarma Group

Full company profile

uuid000fr6x

Namestring
Biofarma Group
Legal namestring
Biofarma Srl
Company typeenum
Private
Founded yearint
2017
Descriptiontext

Biofarma Group is an Italian-headquartered Contract Development and Manufacturing Organization (CDMO) that produces health nutrition products (nutraceuticals including probiotics and vitamins), medical devices, and active cosmetics for third-party brands. The group operates as Biofarma Srl, registered in Italy with its headquarters in Mereto di Tomba and additional manufacturing sites in Gallarate and San Pietro Viminario (Italy), Biofarma Group France, and following the 2023 acquisition of US Pharma Lab, operations in the United States and China. Biofarma delivers an integrated service stack spanning research and development, quality control laboratory, regulatory advice, contract production, packaging, logistics, and certification, enabling customers to source end-to-end development and manufacturing from a single partner. The company also generates revenue through out-licensing of proprietary products and technologies, including a patented electrospinning-based cosmetic patch platform and an advanced analytical method for lactose detection in food supplements and pharmaceutical products.

The company's revenue model is fundamentally B2B: long-term contract development and manufacturing engagements with enterprise customers in the nutraceutical, medical device, and cosmetics industries, supplemented by licensing royalties on proprietary out-licensed products. Pricing is not publicly disclosed and is quoted on a project basis. Go-to-market is enterprise field sales supported by participation in major industry trade shows (CPHI, SupplySide Global, Healthplex Expo, Nutriform Business Days) and content marketing through the 'Shaping the Future' corporate magazine. Biofarma is owned by private equity firm Ardian following a 2023 transaction that also involved the US Pharma Lab acquisition and reinvestment by current shareholders, making it a privately held, PE-backed industrial CDMO with no public listing.

Short descriptiontext

Biofarma Group is an Italian-headquartered CDMO producing nutraceuticals, medical devices, and active cosmetics for third-party brands across Italy, France, the US, and China, operating under private equity owner Ardian since 2023.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
5,001–10,000
akta.pro rankint
HeadquartersMereto Di Tomba, Italy
HQ citystring
Mereto Di Tomba
HQ countrystring
Italy
HQ regionstring
Europe
Markets served

Serves global market

Offices6 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
contract manufacturing services, nutraceutical CDMO, medical device manufacturing, active cosmetics production, dietary supplement development
Industry1 code
1Drug Substance–Drug Product Integrated CDMO
CodeHLAGABAGPrimaryYes
NAICS code4 codes
  • Pharmaceutical and Medicine Manufacturing3254
  • Medical Equipment and Supplies Manufacturing33911
  • Scientific Research and Development Services5417
  • Packaging and Labeling Services561910
SIC code2 codes
  • Pharmaceutical Preparations2834
  • Services-Commercial Physical & Biological Research8731
Product category
Contract Manufacturing Services (CDMO)
Social media profiles2 records
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model2 records
1Contract Manufacturing Services
TypeProfessional Services
Description

Biofarma Group provides customized development and production of nutraceuticals (including probiotics and vitamins), medical devices, and active cosmetics for third-party companies. Revenue is generated through long-term B2B manufacturing contracts as a CDMO.

biofarmagroup.com
2Out-Licensing Production
TypeLicensing Royalties
Description

The company also engages in out-licensing of proprietary products and technologies, generating additional revenue streams through licensing arrangements.

biofarmagroup.com
Marketing channels6 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels1 record

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components6 values
Personnel, Operations, Supply Chain, Infrastructure, Technology or R&D, Marketing or Sales
GTM typeB2B
B2B
Offering typeServices
Services
Core offering1 text field

Biofarma Group is a Contract Development and Manufacturing Organization (CDMO) that produces, develops, and packages health nutrition products (nutraceuticals including probiotics and vitamins), medical devices, and active cosmetics for third-party brands. The company delivers integrated end-to-end services spanning R&D, quality control, regulatory advice, production, packaging, and logistics to enterprise customers across Europe, North America, and Asia.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 2 values shown
  • First dedicated toll manufacturer in nutraceutical industry
+1 more record
Product overview1 text field

Biofarma Group operates as a Contract Development and Manufacturing Organization (CDMO) providing integrated manufacturing services for the nutraceutical, medical device, and cosmetic industries. The company's product portfolio consists of three main product lines: Health Nutrition (nutraceuticals including probiotics and vitamins), Medical Devices (ready-to-market devices), and Active Cosmetics. These products are supported by a comprehensive suite of services including Research & Development, Quality Control Laboratory, Regulatory Advice, Production, Packaging, and Logistics. Following the acquisition of US Pharma Lab in 2023, the group now operates manufacturing sites across Italy, France, the US, and China, establishing the world's first dedicated toll manufacturer in the nutraceutical industry.

Product and service10 records
1Health Nutrition
CategoryNutraceutical CDMO
Description

Contract manufacturing of health nutrition products for third parties, including nutraceuticals such as probiotics and vitamins, capable of preventing chronic diseases and improving health status.

2Medical Devices
CategoryMedical Device CDMO
Description

Development and manufacturing of innovative, ready-to-market medical devices for third parties and out-licensing arrangements.

3Active Cosmetics
CategoryCosmetics CDMO
Description

Development and production of active cosmetic products for third parties, promoting environmental sustainability and new beauty concepts, including electrospinning-based skincare patches.

4Research & Development Services
CategoryCDMO Support Services
Description

R&D laboratory services supporting product innovation and development for third-party nutraceutical, medical device, and cosmetics clients.

5Quality Control Laboratory Services
CategoryCDMO Support Services
Description

Analytical and quality control laboratory services ensuring maximum quality, safety, and regulatory compliance for supplements and pharmaceutical products, including advanced lactose detection methods.

6Regulatory Advice Services
CategoryCDMO Support Services
Description

Regulatory consulting and advisory services ensuring products comply with applicable regulations across target markets.

7Contract Production Services
CategoryCDMO Manufacturing
Description

Contract manufacturing and production services for nutraceutical, medical device, and cosmetic products across facilities in Italy, France, the US, and China.

8Packaging Services
CategoryCDMO Support Services
Description

Primary and secondary packaging services for nutraceutical, medical device, and cosmetic products.

9Logistics Services
CategoryCDMO Support Services
Description

Distribution and logistics services for finished products manufactured under contract.

10Certification, Licenses and Policies Services
CategoryCDMO Support Services
Description

Certification and licensing services ensuring compliance with industry standards and regulations for client products.

Scale indicator4 records

Each record includes

Type, Value, Description, Source

Partnership2 partners
Strategic tierMinorTypeStrategic or Co-development PartnerAnnounced on2025-01-01
Description

Biofarma Group partners with AIRC in the fight against cancer, firmly supporting the Azalea Research Campaign. The company reaffirms its commitment as a 'Company Against Cancer,' with prevention as a daily choice and research as a promise for the future.

Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2023-05-18
Description

Biofarma Group acquired 100% of US Pharma Lab, an American company specializing in customized development and production of nutraceuticals including probiotics and vitamins. This acquisition creates the world's first contract manufacturing organization dedicated solely to nutraceutical products with operations in the US, Europe, and China. The deal involved reinvestment by current shareholders.

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight6 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

German-headquartered CDMO serving pharmaceutical and nutraceutical customers across multiple dosage forms. Most directly comparable to Biofarma as a European mid-market CDMO with a similar mix of contract manufacturing for pharma and consumer health brands.

TypeDirect peer
Description

Swedish CDMO with multiple European manufacturing sites and PE ownership (EQT), comparable to Biofarma in scale, multi-site European footprint, and contract manufacturing for pharma and consumer health customers.

TypeDirect peer
Description

European CDMO with sites across the UK, Germany, and Finland providing contract development and manufacturing for pharmaceutical and nutraceutical customers. Closely comparable in service mix (development, manufacturing, packaging) and customer segments.

TypeBroad incumbent
Description

Large global pharma CDMO with broad capabilities across biologics, softgel, and oral dose manufacturing. Comparable in CDMO model and enterprise customer base but materially larger and broader in scope than Biofarma's nutraceutical focus.

TypeBroad incumbent
Description

Swiss-listed global CDMO leader serving pharma, biotech, and consumer health customers. Comparable as a contract manufacturing peer but operates at significantly larger scale and with greater biologics exposure than Biofarma.

TypeDirect peer
Description

US-headquartered CDMO offering contract development, manufacturing, and analytical services to pharma and consumer health clients. Comparable mid-market CDMO profile and service offering, though with US rather than European manufacturing base.

TypeDirect peer
Description

US CDMO specializing in oral dose formulation and contract manufacturing for pharma and consumer health customers. Comparable in CDMO model and customer types, though with stronger US-centric exposure than Biofarma.

TypeBroad incumbent
Description

Diversified life sciences giant whose Patheon CDMO unit serves global pharma customers with contract manufacturing. Comparable as a CDMO peer but operates as part of a much larger platform with substantially broader capabilities than Biofarma.

TypeRegional player
Description

Latin American pharmaceutical company with vertically integrated manufacturing and CDMO activities. Comparable as a regional pharma/nutraceutical manufacturer but serves a different geography than Biofarma's Europe-US-China footprint.

TypeOthers
Description

Global ingredients supplier for nutrition, health, and personal care with adjacent CDMO and contract manufacturing services. Comparable in serving nutrition and cosmetics customers but positioned upstream as an ingredient supplier rather than downstream contract manufacturer.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment3 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile3 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature2 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Subsidiaries2 records

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Biofarma Group

Contract Manufacturing Services (CDMO)biofarmagroup.it

Biofarma Group is an Italian-headquartered CDMO producing nutraceuticals, medical devices, and active cosmetics for third-party brands across Italy, France, the US, and China, operating under private equity owner Ardian since 2023.

What Biofarma Group does

Biofarma Group is an Italian-headquartered Contract Development and Manufacturing Organization (CDMO) that produces health nutrition products (nutraceuticals including probiotics and vitamins), medical devices, and active cosmetics for third-party brands. The group operates as Biofarma Srl, registered in Italy with its headquarters in Mereto di Tomba and additional manufacturing sites in Gallarate and San Pietro Viminario (Italy), Biofarma Group France, and following the 2023 acquisition of US Pharma Lab, operations in the United States and China. Biofarma delivers an integrated service stack spanning research and development, quality control laboratory, regulatory advice, contract production, packaging, logistics, and certification, enabling customers to source end-to-end development and manufacturing from a single partner. The company also generates revenue through out-licensing of proprietary products and technologies, including a patented electrospinning-based cosmetic patch platform and an advanced analytical method for lactose detection in food supplements and pharmaceutical products.

The company's revenue model is fundamentally B2B: long-term contract development and manufacturing engagements with enterprise customers in the nutraceutical, medical device, and cosmetics industries, supplemented by licensing royalties on proprietary out-licensed products. Pricing is not publicly disclosed and is quoted on a project basis. Go-to-market is enterprise field sales supported by participation in major industry trade shows (CPHI, SupplySide Global, Healthplex Expo, Nutriform Business Days) and content marketing through the 'Shaping the Future' corporate magazine. Biofarma is owned by private equity firm Ardian following a 2023 transaction that also involved the US Pharma Lab acquisition and reinvestment by current shareholders, making it a privately held, PE-backed industrial CDMO with no public listing.

Biofarma Group firmographics

Firmographics
Name
Biofarma Group
Legal name
Biofarma Srl
Website
https://biofarmagroup.it
Company type
Private
Founded year
2017
Operating status
Operating
Headcount range
5,001–10,000 employees
Short description
Biofarma Group is an Italian-headquartered CDMO producing nutraceuticals, medical devices, and active cosmetics for third-party brands across Italy, France, the US, and China, operating under private equity owner Ardian since 2023.
Ownership category
akta.pro rank

Biofarma Group industry classification

Industry
Product category
Contract Manufacturing Services (CDMO)
NAICS
Pharmaceutical and Medicine Manufacturing (3254), Medical Equipment and Supplies Manufacturing (33911), Scientific Research and Development Services (5417), Packaging and Labeling Services (561910)
SIC
Pharmaceutical Preparations (2834), Services-Commercial Physical & Biological Research (8731)
akta.pro primary industry
Drug Substance–Drug Product Integrated CDMO (HLAGABAG)

Keywords

  • Contract manufacturing services
  • Nutraceutical CDMO
  • Medical device manufacturing
  • Active cosmetics production
  • Dietary supplement development

Where Biofarma Group is headquartered

Location

Headquarters

HQ city
Mereto Di Tomba
HQ country
Italy
HQ region
Europe

Offices6 records

Markets served

Biofarma Group business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Personnel, Operations, Supply Chain, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

  1. Contract Manufacturing Services: Biofarma Group provides customized development and production of nutraceuticals (including probiotics and vitamins), medical devices, and active cosmetics for third-party companies. Revenue is generated through long-term B2B manufacturing contracts as a CDMO.
  2. Out-Licensing Production: The company also engages in out-licensing of proprietary products and technologies, generating additional revenue streams through licensing arrangements.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Biofarma Group product offering

Product offering

Core offering

Biofarma Group is a Contract Development and Manufacturing Organization (CDMO) that produces, develops, and packages health nutrition products (nutraceuticals including probiotics and vitamins), medical devices, and active cosmetics for third-party brands. The company delivers integrated end-to-end services spanning R&D, quality control, regulatory advice, production, packaging, and logistics to enterprise customers across Europe, North America, and Asia.

Product overview

Biofarma Group operates as a Contract Development and Manufacturing Organization (CDMO) providing integrated manufacturing services for the nutraceutical, medical device, and cosmetic industries. The company's product portfolio consists of three main product lines: Health Nutrition (nutraceuticals including probiotics and vitamins), Medical Devices (ready-to-market devices), and Active Cosmetics. These products are supported by a comprehensive suite of services including Research & Development, Quality Control Laboratory, Regulatory Advice, Production, Packaging, and Logistics. Following the acquisition of US Pharma Lab in 2023, the group now operates manufacturing sites across Italy, France, the US, and China, establishing the world's first dedicated toll manufacturer in the nutraceutical industry.

Differentiator

Problem solved

Functional benefit

Products and services

  • Health Nutrition Contract manufacturing of health nutrition products for third parties, including nutraceuticals such as probiotics and vitamins, capable of preventing chronic diseases and improving health status.
  • Medical Devices Development and manufacturing of innovative, ready-to-market medical devices for third parties and out-licensing arrangements.
  • Active Cosmetics Development and production of active cosmetic products for third parties, promoting environmental sustainability and new beauty concepts, including electrospinning-based skincare patches.
  • Research & Development Services R&D laboratory services supporting product innovation and development for third-party nutraceutical, medical device, and cosmetics clients.
  • Quality Control Laboratory Services Analytical and quality control laboratory services ensuring maximum quality, safety, and regulatory compliance for supplements and pharmaceutical products, including advanced lactose detection methods.
  • Regulatory Advice Services Regulatory consulting and advisory services ensuring products comply with applicable regulations across target markets.
  • Contract Production Services Contract manufacturing and production services for nutraceutical, medical device, and cosmetic products across facilities in Italy, France, the US, and China.
  • Packaging Services Primary and secondary packaging services for nutraceutical, medical device, and cosmetic products.
  • Logistics Services Distribution and logistics services for finished products manufactured under contract.
  • Certification, Licenses and Policies Services Certification and licensing services ensuring compliance with industry standards and regulations for client products.

Quantifiable outcome

  • First dedicated toll manufacturer in nutraceutical industry
  • +1 more outcomes

Companies that use Biofarma Group

Customer profile

Segments3 records

Ideal customer profiles3 records

Biofarma Group technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature2 records

Biofarma Group partnerships and signals

Strategic signal

Partnerships

Two partnerships are on record, tiered minor and core.

  • AIRC (Associazione Italiana per la Ricerca sul Cancro)minorStrategic or Co-development Partner · 1 January 2025Biofarma Group partners with AIRC in the fight against cancer, firmly supporting the Azalea Research Campaign. The company reaffirms its commitment as a 'Company Against Cancer,' with prevention as a daily choice and research as a promise for the future.
  • US Pharma LabcoreStrategic or Co-development Partner · 18 May 2023Biofarma Group acquired 100% of US Pharma Lab, an American company specializing in customized development and production of nutraceuticals including probiotics and vitamins. This acquisition creates the world's first contract manufacturing organization dedicated solely to nutraceutical products with operations in the US, Europe, and China. The deal involved reinvestment by current shareholders.

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Biofarma Group competitors and assessment

Company assessment

Direct peers

  • Aenova Group: German-headquartered CDMO serving pharmaceutical and nutraceutical customers across multiple dosage forms. Most directly comparable to Biofarma as a European mid-market CDMO with a similar mix of contract manufacturing for pharma and consumer health brands.
  • Recipharm: Swedish CDMO with multiple European manufacturing sites and PE ownership (EQT), comparable to Biofarma in scale, multi-site European footprint, and contract manufacturing for pharma and consumer health customers.
  • NextPharma: European CDMO with sites across the UK, Germany, and Finland providing contract development and manufacturing for pharmaceutical and nutraceutical customers. Closely comparable in service mix (development, manufacturing, packaging) and customer segments.
  • Alcami Corporation: US-headquartered CDMO offering contract development, manufacturing, and analytical services to pharma and consumer health clients. Comparable mid-market CDMO profile and service offering, though with US rather than European manufacturing base.
  • Adare Pharma Solutions: US CDMO specializing in oral dose formulation and contract manufacturing for pharma and consumer health customers. Comparable in CDMO model and customer types, though with stronger US-centric exposure than Biofarma.

Broad incumbents

  • Catalent: Large global pharma CDMO with broad capabilities across biologics, softgel, and oral dose manufacturing. Comparable in CDMO model and enterprise customer base but materially larger and broader in scope than Biofarma's nutraceutical focus.
  • Lonza Group: Swiss-listed global CDMO leader serving pharma, biotech, and consumer health customers. Comparable as a contract manufacturing peer but operates at significantly larger scale and with greater biologics exposure than Biofarma.
  • Thermo Fisher Scientific (Patheon): Diversified life sciences giant whose Patheon CDMO unit serves global pharma customers with contract manufacturing. Comparable as a CDMO peer but operates as part of a much larger platform with substantially broader capabilities than Biofarma.

Regional players

  • Eurofarma: Latin American pharmaceutical company with vertically integrated manufacturing and CDMO activities. Comparable as a regional pharma/nutraceutical manufacturer but serves a different geography than Biofarma's Europe-US-China footprint.

Others

  • dsm-firmenich: Global ingredients supplier for nutrition, health, and personal care with adjacent CDMO and contract manufacturing services. Comparable in serving nutrition and cosmetics customers but positioned upstream as an ingredient supplier rather than downstream contract manufacturer.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

Biofarma Group social profiles

Digital presence

Biofarma Group financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Biofarma Group leadership team

Management profile

Number of profiles

Biofarma Group subsidiaries and ownership

Company hierarchy

Subsidiaries2 records

Biofarma Group funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Biofarma Group M&A and investment

M&A and investment

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Biofarma Group

What does Biofarma Group do?

Biofarma Group is a Contract Development and Manufacturing Organization (CDMO) that produces, develops, and packages health nutrition products (nutraceuticals including probiotics and vitamins), medical devices, and active cosmetics for third-party brands. The company delivers integrated end-to-end services spanning R&D, quality control, regulatory advice, production, packaging, and logistics to enterprise customers across Europe, North America, and Asia.

Is Biofarma Group a public or private company?

Biofarma Group is a private company. It is classified as private equity controlled and is currently operating.

When was Biofarma Group founded?

Biofarma Group was founded in 2017. It employs 5,001 to 10,000 people.

Where is Biofarma Group based?

Biofarma Group is headquartered in Mereto Di Tomba, Italy, in the Europe region.

How does Biofarma Group make money?

Two revenue lines are on record. Contract Manufacturing Services are the primary driver. The others are out-Licensing Production.

Who are Biofarma Group's main competitors?

Direct peers on record are Aenova Group, Recipharm, NextPharma, Alcami Corporation and Adare Pharma Solutions. Broad incumbents are Catalent, Lonza Group and Thermo Fisher Scientific (Patheon). Eurofarma is listed as a regional player. dsm-firmenich is listed as an others.

Does Biofarma Group have an API?

No public API is recorded for Biofarma Group.

What industry is Biofarma Group in?

Biofarma Group's product category is Contract Manufacturing Services (CDMO). Its primary akta.pro industry code is HLAGABAG, Drug Substance–Drug Product Integrated CDMO. Its NAICS code is 3254 and its SIC code is 2834.

Unlock the full company data

50 free credits on sign-up, no credit card required.

Contact sales
Live signals
FIRSTonlineBiofarma (Ardian) acquires 100% of the American US Pharma LabBiofarma, controlled by Ardian, has signed a definitive agreement to acquire 100% of US Pharma Lab from the Luhadia family for an undisclosed amount. The transaction, financed through debt and equity, is scheduled to close in the third quarter of 2023, creating the world's first toll manufacturer dedicated exclusively to nutraceutical products. This strategic move aims to expand Biofarma's global operational footprint across Italy, France, the United States, and China.BeBeezBiofarma Group (controllato da Ardian) si compra US Pharma Lab e diventa il primo produttore in conto terzi a livello globale nel settore della nutraceuticaBiofarma Group, controlled by Ardian, has announced the acquisition of 100% of US Pharma Lab Inc to become the leading global third-party manufacturer in the nutraceutical sector. The transaction, expected to close in the third quarter and financed through debt and equity, will allow Biofarma to expand its production footprint across the US, Europe, and China while retaining US Pharma Lab's management team.ArdianArdian acquires from White Bridge Investments a majority stake in Biofarma Group, the Italian and European leader in the development, manufacture and packaging of food supplements, medical devices, prArdian announced on 17 January 2022 that it has acquired a majority stake in Biofarma Group from White Bridge Investments, with the Scarpa family retaining its 30% stake alongside Ardian. Biofarma's sales rose from about €30m in 2016 to over €230m, with nearly 50% of turnover from international markets. The deal is backed by M&A advisors Nomura, BNPP and Mediobanca.