Advanta Enterprises Limited, a Dubai, United Arab Emirates-based global seed company that aims to deliver innovative farming solutions and technology to farmers around the world, received a US$300m investment from KKR.
KKR will take a 13.33% stake in the company joining UPL Limited (NSE: UPL & BSE: 512070, LSE: UPLL), a global agriculture solutions provider. Upon completion of the transaction, Advanta will operate as a standalone platform. KKR looks to collaborate closely with the company to further expand its business regionally and globally, including through bolt-on acquisitions, and maximize the growth potential by leveraging its deep expertise and experience in strategic carve-outs, the agricultural sector and environmental, social, and governance best practices.
Advanta is focused on sustainable agriculture, providing farmers with locally adapted high-performing and quality hybrid seeds, developed through decades of research and advanced technologies in traditional plant breeding seeds. Today, the company has a presence in 84 countries across Asia, Australia, Europe, United States and Latin America, and Africa. With a diversified portfolio of over 900 hybrids across more than 40 crops, Advanta is a global leader in tropical and subtropical corn, and maintains leading positions in many regions in corn, forages, grain sorghum, sunflower, canola, rice, and vegetables.
FinSMEs
24/10/2022