KKR is to invest $300 million for a 13.33% stake in Advanta Enterprises Limited (Advanta), a subsidiary of UPL and a leading global seed company that aims to deliver innovative farming solutions and technology to farmers around the world.
KKR is to invest $300 million for a 13.33% stake in Advanta Enterprises Limited (Advanta), a subsidiary of UPL and a leading global seed company that aims to deliver innovative farming solutions and technology to farmers around the world.
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, Advanta 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.
KKR will make its investment from its Global Impact strategy, which invests in businesses delivering solutions to address critical global challenges, and contributing towards the United Nations Sustainable Development Goals.
Upon completion of the transaction, Advanta will operate as a standalone platform and aim to become a global sustainability leader in seeds. KKR looks to collaborate closely with Advanta to further expand its business regionally and globally, including through bolt-on acquisitions, and maximise the Company’s growth potential by leveraging KKR’s deep expertise and experience in strategic carve-outs, the agricultural sector and environmental, social, and governance best practices.
KKR’s investment is aligned with its responsible investment approach, which looks to support businesses contributing important solutions to critical societal challenges, including sustainable living. Building on more than 46 years of investment experience, KKR’s thoughtful ESG management across its portfolio over the past decade reinforces its strong conviction in the role responsible business plays in achieving favourable investment and sustainability outcomes. As of 31 December, 2021, KKR has committed over $25 billion in equity globally to climate and environmental sustainability investments.
