SYDNEY / Australia, 2 July 2025: KKR & Co. has agreed to acquire ProTen Pty, an Australian poultry infrastructure company, from superannuation giant Aware Super, expanding its investment footprint in Asia-Pacific’s agriculture sector.

The New York–based private equity firm will use capital from its Asia Pacific Infrastructure Investors II fund for the transaction, which is expected to close later this year subject to regulatory approvals. Financial terms were not disclosed.

Founded in 2001, ProTen develops, owns, and operates farm infrastructure for Australia’s poultry sector, managing more than 700 sheds across 60 farms in major agricultural regions. Aware Super, which manages A$190 billion ($125 billion), has held ProTen since 2018.

“As demand for sustainable protein and resilient food supply increases in Australia, we believe ProTen is well placed for continued growth,” said Andrew Jennings, managing director and head of Australia and New Zealand infrastructure for KKR.

KKR’s Asia Pacific infrastructure platform, launched in 2019, has grown to roughly $13 billion in assets under management. Its recent regional investments include Queensland Airports and Zenith Energy.