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ADIA and TPG to partner with UPL Corporation for Arysta LifeScience acquisition

Mumbai, San  Francisco, and Fort Worth - July 20, 2018 – A wholly-owned subsidiary of the Abu Dhabi Investment Authority (“ADIA”),  and leading global alternative asset firm TPG, have partnered with UPL  Corporation Limited (“UPL Corp”) to support UPL Corp’s planned acquisition of  Arysta LifeScience Inc. and its subsidiaries (collectively, “Arysta”) from  NYSE-listed Platform Specialty Products Corporation. Arysta specialises in the  development, formulation, registration, marketing and distribution of  differentiated crop protection solutions, including BioSolutions and seed  treatment products.

The  agreement will see ADIA and TPG Capital Asia invest $1.2 billion ($600 million  each) for a ~22% combined shareholding in UPL Corp to facilitate UPL Corp’s  ~$4.2 billion acquisition of 100% of Arysta. The transaction is subject to  customary regulatory approvals.

UPL  Corp is an operating company that leads the international operations of UPL  Limited, a global agrochemical solutions provider listed in India. UPL Corp’s  acquisition of Arysta will create a global leader in agriculture solutions with  a diversified portfolio across all market segments and fulfils UPL’s objective  of creating an integrated patent and post-patent agricultural solutions  business with a global footprint.

Hamad  Shahwan Aldhaheri, Executive Director of the Private Equities Department at  ADIA, said: “Backing the Arysta acquisition through our investment in UPL Corp  aligns with our strategy of partnering with best-in-class businesses to support  and accelerate their growth plans. The combination of Arysta and UPL Corp will  create a leading crop protection business with a global footprint and  diversified product portfolio supported by a strong manufacturing and R&D  expertise.”

Puneet  Bhatia, Co-Managing Partner of TPG Capital Asia, said: “We are excited to partner  with the founders and management of UPL who have a stellar track record of  acquiring and integrating global businesses successfully. The combined platform  will generate compelling synergies, and with the addition of Arysta, UPL will  reach more than 130 countries with more than 12,800 products and be well poised  for further expansion in their sector. This is a landmark transaction that will  foster a strong value proposition for the entire ecosystem of growers,  distributors, suppliers and innovation partners.”

ABOUT ADIA

Established  in 1976, ADIA is a globally-diversified investment institution that prudently  invests funds on behalf of the Government of Abu Dhabi through a strategy  focused on long-term value creation.

ADIA  has invested in private equity since 1989 and has built a significant internal  team of specialists with experience across asset products, geographies and  sectors.

Through  its extensive relationships across the industry, the Private Equities  Department invests in private equity and credit products globally, often  alongside external partners, and through externally managed primary and  secondary funds. Its philosophy is to build long-term, collaborative  relationships with its partners and company management teams to maximise value  and support the implementation of agreed strategies

About TPG

TPG is  a leading global alternative asset firm founded in 1992 with approximately $84  billion of assets under management and offices in Austin, Beijing, Boston,  Dallas, Fort Worth, Hong Kong, Houston, London, Luxembourg, Melbourne, Moscow,  Mumbai, New York, San Francisco, Seoul, and Singapore. TPG’s investment  platforms are across a wide range of asset classes, including private equity,  growth venture, real estate, credit, public equity and infrastructure. For more  information, visit www.tpg.com.

For  further details, please contact:

Garry  Nickson
Media  Relations Manager
ABU  DHABI INVESTMENT AUTHORITY
Tel:  +971 2 415 6085
Mob:  +971 50 8318650
Email:  garry.nickson@adia.ae

Snigdha  Nair
Adfactors  PR (TPG India)
Tel:  +91 9920481191
Email:  snigdha.nair@adfactorspr.com