KKR, a global investment firm, and UPL, a global agriculture solutions provider, announces today the signing of definitive agreements in which KKR will invest $300 million for a 13.33 per cent stake in Advanta Enterprises, a UPL subsidiary and global seed company.
KKR will make its investment through its Global Impact strategy, which invests in companies that provide solutions to critical global challenges while also contributing to the United Nations Sustainable Development Goals.
Jai Shroff, Group CEO of UPL, stated, “Since the acquisition of Advanta in 2006, UPL has built Advanta into a leading global seed company with presence in more than 80 countries. Today, Advanta is a leading player in sustainable agriculture solutions, benefitting the livelihoods of farmers globally. As sustainable farming practices increases in priority around the world, Advanta is well poised for its next leg of robust growth. We are working closely with KKR to build on Advanta’s strong platform to deliver continued success in this next phase of evolution.”
Advanta is committed to sustainable agriculture, supplying farmers with locally adapted, high-performing, and high-quality hybrid seeds developed over decades of research and advanced technologies in traditional plant breeding seeds. Advanta now operates in 84 countries across Asia, Australia, Europe, the United States, Latin America, and Africa.
“We are pleased to invest in Advanta, a global leader in sustainable agriculture, at a time when food security has grown in importance amidst geopolitical tensions and climate change. Advanta has built a diversified platform with differentiated products and an excellent track record, and we are excited to leverage KKR’s global network, operational and ESG (environmental, social, and governance) management expertise to strengthen its business, implement industry best practices, and achieve its next phase of growth,” said, Gaurav Trehan, Partner and CEO of KKR India.
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