Mallesons Stephen Jaques acted for HRZ Wheats Pty Ltd on an equity investment into the company by Dow AgroSciences Australia Ltd, advised by Baker & McKenzie, which will enable it to continue developing strong wheat varieties.
The investment by AgroSciences, one of Australia's leading agricultural chemical and pest control companies, will enable HRZ Wheats to continue to develop milling quality, disease resistant wheat varieties with a high rate of return for Australian growers, overcoming the challenges presented by the high rainfall zone.
The deal will ensure leading technologies and new germplasm for research and breeding will be made available to HRZ Wheats.
HRZ Wheat's other shareholders are CSIRO, the Grains Research and Development Corporation, Landmark Operations Limited and New Zealand Plant & Food Research.
Landmark will be responsible for the seed production and commercialisation of commodity wheat varieties within Australia.
The Mallesons team was led by partner Adam Bartlett and supported by senior associate Annabel Griffin.