OCTOBER 27, 2022

KKR makes strategic investment in Advanta for US$300 million.



Buenos Aires, October 27th, 2022. On October 21st, the global firm KKR, a leading investment, capital markets, and insurance solutions company, and UPL Limited, a global provider of agricultural solutions, announced the signing of decisive agreements through which KKR will invest US$300 million in Advanta Enterprises Limited, acquiring a 13.33% stake in it. Advanta, a subsidiary of UPL, is a global seed company providing agricultural technology and solutions.

KKR’s strategic investment will allow Advanta to operate as a standalone platform aiming to become a global sustainability leader in the seeds production sector. KKR looks forward to working closely with the company to further expand its business regionally and globally. Its investment is aligned with a responsible investment approach, considering environmental, social and corporate governance (ESG) factors with the goal of supporting companies that provide important solutions to critical social challenges, the axis of its portfolio management during the last decade.

Beccar Varela advised UPL on the Argentine leg of this important investment, which involves several countries. The team was led by Nicolás Rukavina Mikusic, especially assisted by Eugenia Radaelli and associates Mariana Lamarca Vidal, María Carolina Muriago, and Pilar Lodewyckx Hardy.

Advanta is a global seed company focused on sustainable agriculture that provides farmers with locally adapted high-performing and quality hybrid seeds. It is part of the UPL Group and operates in more than 80 countries.

UPL is one of the largest agriculture solutions companies worldwide, with a robust portfolio consisting of biological and traditional crop protection solutions with more than 14,000 registrations. The company is present in more than 138 countries.

KKR is a leading global investment firm providing alternative asset management, capital markets and insurance solutions.