Union Acquisition Corp., a Special Purpose Acquisition Company, Enters into Definitive Agreement to Consummate a Business Combination with Bioceres, Inc., a Subsidiary of Bioceres S.A.

Arnold & Porter recently advised special purpose acquisition company Union Acquisition Corp. (UAC) in connection with its entry into a definitive agreement to consummate a business combination with leading Latin American agricultural biotech company, Bioceres, Inc. (Bioceres), a subsidiary of Bioceres S.A. The transaction is expected to close in early 2019. Bioceres will contribute its agricultural solutions business in exchange for equity of UAC, which will result in a projected $456 million initial enterprise value for their newly combined company.

Headquartered in its key end-market of Argentina, Bioceres develops innovative biotechnology solutions for use throughout the entire crop cycle. In connection with the closing of the business combination, UAC will change its name to Bioceres Crop Solutions Corp. and be listed on the New York Stock Exchange. In doing so, Bioceres Crop Solutions Corp. will expand its global footprint.

The Arnold & Porter team included Corporate & Finance partners Stephen Koval and Christopher Peterson and associates Marianna Shelenkova and Marisa Silver.