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 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.
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.
Read more: Private Equity Wire
