In one of the largest overseas deals by India Inc. in recent years, chemicals producer UPL (formerly United Phosphates) on Friday teamed up with Abu Dhabi Investment Authority and TPG to snap up Florida-based Arysta Life Science Inc. for $4.2 billion in an all-cash deal.

The transaction will enhance the position of UPL as a global leader in the agriculture solutions market and make it a $5 billion entity in combined sales offering it a $200 million savings through operational synergies.

Though UPL known for acquisitions, the Arysta deal is its largest bet.

Source: Read Full Article