KKR acquires from a supermarket that recognizes Australian chicken growers’ protenes

(Reuters) – Private equity group KKR said it said in a joint statement Wednesday that it did not disclose financial details from Pension Fund Aware Super, one of Australia’s largest broiler chicken producers.

Founded in 2001, Proten currently manages more than 700 poultry sheds on more than 60 farms. The company has been owned by Aware Super since 2018.

“KKR is actively monitoring as a theme of agricultural infrastructure,” Andrew Jennings, managing director and head of infrastructure for Australia and New Zealand at KKR, said in a statement.

KKR will invest in Proten from the Asia-Pacific Infrastructure Investor II Fund, which has since been established in 2019 and has grown to around $13 billion with its assets under management.

The transaction is expected to close later this year, subject to regulatory approval.

(Reporting by Himansh Akhand of Bengaluru, edited by Mrigank Dhaniwala)