July 2 (Reuters) - Private equity group KKR will
acquire ProTen, one of Australia's largest broiler chicken
growers, from pension fund Aware Super, the parties said in a
joint statement on Wednesday without disclosing financial
details.
ProTen was established in 2001 and currently manages more
than 700 poultry sheds across more than 60 farms. The company
has been owned by Aware Super since 2018.
"KKR has been actively monitoring the agricultural
infrastructure space as a high-conviction thematic," Andrew
Jennings, managing director and head of Australia & New Zealand
infrastructure at KKR, said in a statement.
KKR will make the investment in ProTen from its Asia Pacific
Infrastructure Investors II Fund, which has grown its assets
under management to about $13 billion since it was established
in 2019.
The deal is expected to close later this year, subject to
regulatory approvals.