Prax puts $15 million in agroscience
Prax Capital Management, a Greater China-focused private equity firm, has made a $15 million investment in Rotam Global AgroSciences Ltd., a leading crop protection company headquartered in Hong Kong.
The company has its manufacturing base in Kunshan, Jiangsu, China, and distributes Rotam-branded products worldwide, including the key agricultural markets of Europe, Brazil, the US and China. Mark Lu, Chairman of Rotam, said, “ Our aim is to be significant players in the majority of our global markets, and the funds raised from Prax as well as their experience in international manufacturing and established network will be used to help us achieve those goals.” The statement said that in the crop protection market, patent expirations over the coming four to five years should present market opportunities of up to $5 billion. The acquired stake size was not disclosed.
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