New York, New York, Chicago, Illinois, and San Francisco, California, USA
September 10, 2012
Paine & Partners, LLC ("Paine & Partners"), a global private equity investment firm, today announced the establishment of a new investment platform called Verdesian Life Sciences, LLC ("Verdesian"), which will focus on investments in plant health and nutrition.
In addition, Paine & Partners today announced that, as the first investment for that platform, Verdesian has acquired Biagro Western Sales, LLC ("Biagro Western"), which focuses on protected technologies used to develop plant health and plant nutrition products in agricultural markets globally. Financial terms of the transaction were not disclosed.
With the acquisition of Biagro Western, Verdesian will become a leader in the plant health and plant nutrition market. As a subsidiary of Verdesian, Biagro Western will continue to provide customers with innovative solutions that specialize in plant nutrition, phosphite fertilizers, plant protectants and seed treatments, under the Biagro Western name. JJ Grow will serve as Chief Executive Officer of Verdesian.
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