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New Deal


Announced

UPL-backed Advanta Seeds and Bunge to acquire a 40% stake in SEEDCORP|HO.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For40%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Minority

Pending

Acquisition

Private

Cross Border

Food Products

agricultural solutions provider

seeds

Brazil

Friendly

Synopsis

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UPL-backed Advanta Seeds, a provider of sustainable agriculture solutions, and Bunge, an agribusiness and food company, agreed to acquire a 40% stake in SEEDCORP|HO, an integrated seed platform. Financial terms were not disclosed. "With this transaction we will further solidify the relationship with our partners during harvest planning. Combined with our technical expertise and market knowledge, we will be able to advise on the adoption of seed varieties that best meet demand, including meeting the demand for more sustainable solutions with a focus on reducing the carbon footprint of the entire growing process," Rossano de Angelis Jr, Bunge Vice President of Agribusiness.

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