RIO DE JANEIRO, BRAZIL - Singapore’s sovereign wealth fund GIC has acquired an undisclosed minority stake in Brazilian biological agricultural inputs company Biotrop Solucoes Biologicas, both companies said in a statement on Monday (19).
Sao Paulo-based private equity firm Aqua Capital has partially sold its controlling stake in Biotrop to GIC, which is also injecting money into the company. The deal value has not been disclosed.
The proceeds will be used to expand Biotrop sales and production and launch new products, said Antonio Carlos Zem, CEO of Biotrop. Currently, the company sells its biological inputs in Brazil, Argentina, and . . .