Biotrop Acquisition, Valuation, Funding & Investors

Rashtriya Chemicals & Fertilizers is a government-owned maker of urea, complex fertilizers and industrial chemicals. It sells fertilizers under the Ujjwala and Suphala brands to farmers via dealers, and industrial products such as ammonia and methylamines. Headquartered in Mumbai.

Australian Agricultural Co Ltd is Australia's integrated cattle and beef producer. The company operates owned cattle stations, leased stations, owned feedlots, owned farms and leased farm, located throughout Queensland and the Northern Territory. Its brands are Westholme, 1824, and Darling Downs. It derives revenue through the production and sale of cattle and branded beef products across domestic and international markets. Geographically, it operates in South Korea, USA, China, Australia, Canada, and Others with majority of revenue deriving from cattle sales in Australia.

Scales Corp Ltd is a company engaged in agribusiness activities. It provides logistics services, grows apples, exports products, provides insurance services to companies within the group, and operates logistics facilities. The group's operating segments are Global Proteins, Horticulture, Logistics, and Others. The majority of the revenue for the company is generated from the Global Proteins segment, which is engaged in the processing and marketing of proteins such as pet food ingredients, edible meat, and offal products. Geographically, the company generates a majority of its revenue from North America and the rest from Asia, New Zealand, Europe, and other regions.

Gujarat State Fertilizers & Chemicals Ltd is a manufacturer of fertilizers and chemicals. It is structured into two operating business segments: Fertilizer Products and Industrial Products. The company operates mainly in the Indian market and there are no reportable geographical segments. It derives the majority of its revenue from the Fertilizer products segment. The products and services covered under its Fertilizer segment include Urea, Ammonium Sulphate, Di-ammonium Phosphate, Ammonium Phosphate Sulphate, and traded fertilizer products. The Industrial Products consist of Caprolactam, Nylon-6, Nylon Filament Yarn, Nylon Chips, Melamine, Methanol, and Polymer products.

Piccadily Agro Industries produces sugar, ethanol and malt spirits, including the Indri single malt whisky. It sells to distributors, fuel buyers and consumers. It is based in Chandigarh with operations in Haryana.

Diversified engineering and sugar group. It makes sugar, ethanol and spirits, and also builds industrial gearboxes and high speed turbines and offers water treatment solutions. Based in Noida.

Rural Funds Group, listed on the ASX as RFF, is an Australian agricultural real estate investment trust managed by Rural Funds Management, the Canberra-headquartered agricultural investment specialist established in 1997. The group owns about 57 properties across five Australian states with roughly A$1.9 billion of assets, and leases most of them to farm operators under long-term agreements with a weighted average lease expiry of about 14.8 years. Its portfolio spans almonds, macadamias, cattle, cropping, vineyards, poultry and water entitlements, and cattle is its largest segment by revenue. It pays quarterly distributions to unitholders, with a forecast of 11.73 cents per unit for FY27. Rural Funds Management, which runs about A$2.5 billion of agricultural assets in total, led a A$7 million investment in the Queensland agtech company Inform Ag in August 2024.

MHP SE is a Ukraine-based company engaged in the poultry farming business. The company operates in four segments: the Poultry & Related Operations Segment, the Vegetable Oil Operations Segment, the Agricultural Operations Segment, and the European Operating Segment. The poultry and related operations integrate all functions related to the production & sale of chicken products, vegetable oil, and mixed fodder. The Vegetable Oil Operations Segment comprises production and sales of vegetable oil and related products. The Agricultural Operations Segment produces grain-growing operations and milk cattle farming. The European Operating Segments sales of poultry meat and processed meat products. It generates the majority of its revenue from the poultry and related operations segment.

Braiin Ltd is an Australian technology company leveraging proprietary intellectual property and patented artificial intelligence/machine learning (AI/ML) technologies to deliver actionable insights across the verticals: Agriculture, Property Technology, and Customer Experience as a Service (CXaaS). The company's platforms are designed to address inefficiencies and drive data-backed decision-making across traditionally analog sectors. It prominently focuses on the agriculture technology sector, where it has successfully deployed its AI-powered solutions across multiple implementations. It provides end-to-end solutions to improve farming productivity using IoTs, Wireless Connectivity, Robotics, Software and AI/ML.

Blumar SA is an aquaculture company. It engaged in fishing, processing, transformation, marketing, and export of fish. Its product offerings include fish meal, dried and smoked fish products fish oil, salmon and trout, and frozen fish products. The company's business segments are; Fishing and Aquaculture. Maximum revenue is derived from its Aquaculture segment which represents its salmon farming business. Geographically, the company's products are sold across different markets such as the United States, Brazil and the rest of Latin America, Europe, and Asia.

Invictus Investment Co PLC engages in the trading of agricultural commodities, food products, non-manufactured precious metal trading, and other general items. The Group operates two reportable segments - International Trading Business and Agri Commodities Wholesale Trading & Local Distribution in Morocco, out of which it derives maximum revenue from International Trading Business segment. It is specializing in trading various commodities, especially agro-food products, and finished goods trading business across Africa, the Middle East, Europe, USA and Asia. It trades Grains, Oilseeds, Edible Oils, Animal Feed, Pulses, spray-dried Gum Arabic, and Meats, among other products.

Derit Seeds is a Tianjin-based agrotech firm specializing in cucumber breeding and promotion. Tianjin Druite Company develops series like Dongmei, Bomei, Bonai, Boxin, Zhonghe, Dongguan, Qiumei, and Bojie, hybridizing Dutch high-yield low-temperature varieties with Chinese disease-resistant strains. These cucumbers feature no seedling rest periods, enhancing yield for commercial growers in China.

ZITO dd is a food and agricultural company. Its products combine rich agricultural tradition, modern production processes, and a responsible attitude towards the land, animals, and community. The company invests in the future of local production, develop its own resources, and create lasting value for consumers, partners, and future generations.

Masoval AS owns, operates, and develops companies in the aquaculture industry, which contribute to positive ripple effects and value creation throughout the region. The group is organized into business units based on its activities and has two operating segments: Farming and Sales & processing. The Farming segment includes the purchase of salmon roe, farming on land and sea, related service activities and the sale of salmon to exporters. The Sales and Processing segment includes harvesting activities and the sale of salmon and other species of fish in Norway and for export. The firm generates the majority of its revenue from Farming segment, which is further divided into Farming mid and Farming west. The firm generates revenue from Norway, Europe without Norway, Asia, and Other countries.

AKVA Group ASA is a technology and service partner in the aquaculture industry. The company has three operating segments; Sea-Based Technology includes products like feed barges, fish farming cages, feed systems, nets, sensors, cameras, light systems, net cleaning systems, and remotely operating vehicles, Land Based Technology includes Recirculation technology that allows re-use of the water by cleaning the water and restoring important water quality parameters, using water treatment technology, and Digital includes products like FishtalkTM, AKVAconnect, and Observe. The FishtalkTM software includes brands such as Production control, planning, traceability, and ERP software for both the aquaculture and the fishing industry.

Absolute Foods is an agtech company delivering OS actionable insights for crop optimization. The platform aggregates data from sensors, satellite imagery, weather feeds, and soil monitors to guide farmers on irrigation, fertilization, and pest management throughout the growing cycle. Headquartered in Israel, it serves large-scale producers in grains, vegetables, and fruits across North America and Europe with AI-driven recommendations.

Gro Intelligence is an AI-powered platform analyzing agriculture, climate, and supply chain data. With offices in New York City and Nairobi, the company forecasts crop yields, monitors food security risks, and assures commodity supply chains for agribusinesses. Gro Intelligence processes satellite imagery, weather data, and trade statistics to deliver actionable insights.