AZB & Partners Advised KKR in its Acquisition of 13.3% stake in Advanta

AZB & Partners Advised KKR in its Acquisition of 13.3% stake in Advanta

KKR, a leading global investment firm, and UPL Limited (“UPL”), a global agriculture solutions provider, announced the signing of definitive agreements under which KKR will invest US$300 million for a 13.33% stake in Advanta Enterprises Limited (“Advanta” or “the Company”), a subsidiary of UPL and a leading global seed company that aims to deliver innovative farming solutions and technology to farmers around the world.

AZB & Partners team representing KKR comprised of Partners Nandish Vyas and Bharat Budholia and Counsel Malaveeka Chakravarthy. Whilst, the team representing UPL comprised of Partners Ashwath Rau and Atreya Bhattacharya, and Senior Associate Pranav Tolani.

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. Food production is facing structural challenges due to geopolitical disruption, rising population, reduction of arable land, declining productivity and climate change. Advanta’s business enhances smallholder farmer productivity and income through its agriculture solutions and technology, enabling higher yields and providing benefits including herbicide resistance, and disease tolerance. The Access to Seeds Index, which measures the efforts of seed companies to boost productivity of smallholder farmers, ranks Advanta as 4th in Africa and 2nd in South and Southeast Asia.

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