Mumbai, November 14, 2026: Advanta, a subsidiary of UPL, has entered into an agreement to acquire Hytech Egypt USA LLC, the holding company of Misr Hytech Seed International S.A.E., from Helios Investment Partners and The Egyptian-American Enterprise Fund (EAEF), which is advised by Lorax Capital Partners.
The agreement was signed on August 15, 2026, with the transaction expected to close on or before January 31, 2027, subject to customary closing conditions. The deal has already received antitrust approvals from the COMESA Competition and Consumer Commission and the Egyptian Competition Authority.
Strategic move for Advanta
Advanta said the acquisition marks a significant strategic step, providing the company with an immediate leadership position in Egypt and establishing a platform for further growth across the Middle East and Africa.
Retention of local strengths
Following the acquisition, Misr Hytech will continue to maintain its local capabilities and relationships while gaining access to Advanta’s broader germplasm, research expertise, seed technologies, and regional market opportunities.
Details of the transaction
Helios Investment Partners and EAEF, advised by Lorax Capital Partners, are the current owners of Hytech Egypt USA LLC. The acquisition is subject to the satisfaction of customary closing conditions and is anticipated to be completed by the end of January 2027.
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