Business combination with Bioceres, Inc.
Our attorneys 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. 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.