Homegrown private equity firm ChrysCapital has agreed to acquire pan-India bakery chain Theobroma Foods for ₹2,410 crore, said people with knowledge of the matter. According to an agreement signed between the parties...
Coca-Cola bottler Kandhari acquires Wave Beverages
One of Coca-Cola’s top bottling partners in India, Kandhari Global Beverages, has acquired Wave Beverages’ bottling operations for the American soft-drinks maker for about ₹1,000 crore, people directly aware...
Tilaknagar Industries in talks to acquire Imperial Blue from Pernod Ricard
Mansion House brandy maker Tilaknagar Industries has entered into exclusive negotiations to acquire Imperial Blue whisky from French spirits group Pernod Ricard, Moneycontrol reported on Monday, citing sources. The...
Luxmi Group acquires majority stake in UK-based Brew Tea Co
Kolkata-based Luxmi Group, which owns the iconic Makaibari Darjeeling brand, on Tuesday announced that it has acquired a majority stake in UK-based Brew Tea Co, a fast-growing firm which focuses on whole-leaf teas and...
KKR to acquire Australian chicken grower ProTen from Aware Super
Private equity group KKR will acquire ProTen, one of Australia’s largest broiler chicken growers, from pension fund Aware Super, the parties said in a joint statement on Wednesday without disclosing financial...
Italy’s Campari to sell Cinzano and Frattina brands for $117 million
Italian spirits group Campari has agreed to sell its historic Cinzano vermouth and its Frattina grappa brands to domestic rival Caffo Group 1915 for 100 million euros ($117 million), it said on Thursday. Founded in...
Unilever’s demerged ice cream entity to acquire 61.9 pc stake in Kwality Wall’s
Global FMCG major Unilever on Wednesday said Magnum HoldCo will acquire 61.9 per cent of Kwality Wall’s (India) Ltd. Magnum HoldCo is the holding firm within the new firm formed by the demerger of the ice cream...
Suntory looks for a high with Imperial Blue buy
Japanese alcobev giant Suntory has revived plans to acquire the Imperial Blue whiskey brand in India from France’s Pernod Ricard, said people in the know, sensing rival Tilaknagar Industries’ continued struggle to raise...
USL to acquire majority stake in Nao Spirits
Diageo India (United Spirits Limited), on Thursday said it is acquiring a majority controlling stake in Nao Spirits at an enterprise value of Rs130 crore. Three years ago, Diageo bought a 22.5% stake in Nao, which makes...
United Spirits to buy out Greater Than gin maker Nao Spirits in a ₹110 cr deal
United Spirits Ltd (USL), the Indian arm of global liquor major Diageo Plc, is acquiring homegrown craft spirits maker Nao Spirits & Beverages Pvt. Ltd in a deal valued at about ₹110 crore, it said in a stock...
ITC completes acquisition of 24 Mantra Organic brand owner Sresta Natural
Multi-conglomerate ITC has completed the acquisition of Sresta Natural Bioproducts, which owns the ’24 Mantra Organic brand’ in an all-cash deal valued at Rs 472.50 crore. This will help ITC to expand its...
Jubilant promoters eye Rs 2,000 crore via stake sales for Hindustan Coca-Cola Beverages deal
Jubilant Bhartia Group promoters have initiated a process to sell minority stakes in their listed companies to raise Rs 2,000 crore to part-fund the acquisition of a 40% stake in Hindustan Coca-Cola Beverages (HCCB)...
