Blackstone has dropped plans to acquire a majority stake in the snacks business of India’s Haldiram’s but is now discussing purchase of a 20% stake at a valuation of $8 billion, which is still a sticking...
Samara Capital-backed Agro Tech Foods to acquire Del Monte Foods from Bharti Enterprises
Private equity firm Samara Capital and Convergent Finance backed Agro Tech Foods Limited (ATFL), on Thursday announced it is set to acquire Del Monte Foods Private Limited (DMFPL), a joint venture between the Bharti...
India Glycols partners Amrut Distilleries, plans to demerge spirits biz
India Glycols Ltd, which on Wednesday announced a partnership with Bengaluru-based Amrut Distilleries, is mulling a demerger of its spirits business and subsequently listing on the exchanges, company officials said. The...
JM Smucker to divest cookie brand Voortman in $305 mln deal
J.M. Smucker said on Tuesday it would sell its cookie brand, Voortman, to U.S.-based premium snacks maker Second Name Brands in a $305 million all-cash deal. The Jif peanut butter maker, which was exploring a sale of...
HCCB Fund Fact: Bhartias in talks with global investors for ₹12,500 cr acquisition of Coca-Cola’s bottling
The promoters of the Jubilant Bhartia Group, brothers Shyam and Hari Bhartia, are in discussions with alternative asset managers, mutual funds and foreign banks to raise as much as ₹12,500 crore ($1.5 billion) for the...
Haldiram Snacks’ promoters revise stake sale plans, look to offload 10-15%
The promoters of Haldiram Snacks Food Pvt Ltd, one of India’s leading snack manufacturers, have revised their plans to sell a majority stake in the company. They are now looking to offload 10-15 per cent minority stake...
Bikaji Foods acquires 53% stake in Hazelnut Factory for Rs 131 crore; to compete in QSR space
Ethnic snacks maker Bikaji Foods International Ltd has acquired majority 53.02% stake for Rs 131 crore in Lucknow-based cafe and artisanal sweets chain Hazelnut Factory Food Products Private Ltd through its wholly-owned...
PE firm Advent prepares takeover offer for UK’s Tate & Lyle, FT reports
Private equity firm Advent International is preparing a takeover offer for UK-based food and beverage ingredients maker Tate & Lyle, the Financial Times reported on Wednesday, citing two people familiar with the...
Haldiram’s Stake Sale: Temasek in talks for over $1 bn stake in India’s biggest snack maker
Temasek Holdings Pte. is in talks to buy a minority stake in Haldiram Snacks Pvt Ltd., people familiar with the matter said, a transaction that may value India’s biggest snack maker at about $11 billion. The Singapore...
Badia Spices to sell majority stake to investors
Family-owned Badia Spices has agreed to sell a majority stake to a group of investors including a Latin American conglomerate’s investment arm and the merchant bank BDT & MSD Partners, with three sources...
PepsiCo in talks to buy Siete Foods for over $1 bln, WSJ reports
PepsiCo is in advanced talks to acquire tortilla-chip maker Siete Foods for more than $1 billion, the Wall Street Journal reported on Monday, citing people familiar with the matter. Texas-based Siete Foods is owned by...
NCLAT directs to maintain status quo on Vadilal Enterprises, Vadilal International boards
The appellate tribunal NCLAT has directed Vadilal Enterprises and Vadilal International to maintain the status quo of the structure of their boards until further orders. Passing an interim order, a two-member NCLAT...
