Valeo Capital Partners is pleased to announce our role as exclusive financial advisor to Agrocosta S.A. on its recent sale to UPL Limited. The transaction, which closed in October 2023, is one of the most important M&A deals in the Latin American Crop Protection sector this year.

Agrocosta is a highly specialized manufacturer and distributor of crop protection and crop nutrition products in Central America and the Caribbean. The company has a 48-year history and its products are used by some of the most relevant agribusiness groups and independent growers in Central America. It has an established presence in Nicaragua, Honduras, El Salvador, Guatemala, Panama, Dominican Republic and Costa Rica. This acquisition involves more than 140 product technical registrations, including 57 “biosolution” products that will form part of UPL’s Natural Plant Protection (NPP) portfolio.

UPL Limited is a global leader in the crop protection sector and is headquartered in Mumbai, India and listed in Mumbai and on the London Stock Exchange. Its annual revenue exceeds 6 billion dollars, making it the 5th largest crop protection company globally. Its portfolio consists of traditional crop protection products as well as biologicals with more than 14,000 registrations and related solutions across the food chain through our seeds, post-harvest, and physical and digital services businesses. UPL is present across more than 130 countries, and has more than 10,000 employees globally.

This transaction is further evidence of Valeo’s expertise in originating M&A transactions in the Crop Protection sector and our ability to execute complex M&A deals involving multinational companies investing in Latin American markets. The sale of Agrocosta is another example of our track record of success in helping our clients achieve their strategic goals through M&A.