Homegrown PE fund Kedaara Capital has acquired a majority stake in Dairy Classic Ice Creams (Dairy Day), a leading ice cream brand in South India. The Rs 1200-crore ($150-million) investment will also provide full exit...
Samara Capital eyeing 50% in Del Monte Foods as well as a minority stake in Godrej Tyson Foods
PE firm Samara Capital is in talks to acquire 50% in pasta and sauces maker Del Monte Foods from Bharti Enterprises as well as a minority stake in Yummiez frozen foods maker Godrej Tyson Foods, executives aware of the...
Campbell Soup completes $2.33 bln Sovos deal after delays
Campbell Soup has completed the acquisition of Rao’s Homemade-owner Sovos Brands, the U.S. packaged food maker said on Tuesday, weeks after receiving clearance from the Federal Trade Commission. The closing of the...
Convergent, Samara Capital to acquire 51.8% in Agro Tech Foods
Convergent Finance LLP and private equity firm Samara Capital will jointly acquire a 51.8% stake in Agro Tech Foods Limited from Conagra Brands, Inc. for $78 million (Rs 650 crore). The funds will pay another $44 mn...
Verlinvest Asia sells 8.34% stake, exits Sula Vineyards
Verlinvest Asia has exited Sula Vineyards after 14 years of investment in the company after it sold 8.34% stake in the company in the open market on Monday. Shares of the wine maker ended at 569.10 rupees on the NSE...
Reliance Consumer Products acquires Ravalgaon’s confectionery brands for Rs 27 crore
Reliance Consumer Products (RCPL) has acquired the trademarks, recipes, and all intellectual property rights of sugar-boiled confectionery maker Ravalgaon for Rs 27 crore, according to a stock market disclosure by...
Haldiram in talks to acquire majority stake in rival Prataap Snacks
Indian snacks maker Haldiram’s is in talks to acquire a majority stake in listed rival Prataap Snacks, which is valued at $350 million, to expand its presence in the potato chip market, two people with direct...
Danone to sell US organic dairy units to PE firm Platinum Equity
French food group Danone said it had signed an agreement to sell its premium organic dairy units in the United States to investment firm Platinum Equity. The sale of the Horizon Organic and Wallaby businesses is part of...
Egg producer Cal-Maine to buy Tyson’s chicken plant in Missouri
Egg producer Cal-Maine Foods said it had agreed to acquire a recently shut chicken broiler processing plant, hatchery and feed mill in Dexter, Missouri from Tyson Foods. Tyson, the largest U.S. meat producer by...
Tata Coffee, Tata Consumer Products merger to be effective from January 1
The scheme of arrangement between Tata Coffee Ltd (TCL), Tata Consumer Products Ltd (TCPL) and its wholly owned subsidiary TCPL Beverages and Foods Ltd (TBFL) will be effective from January 1, 2024. The scheme involves...
CLEAR Premium Water to acquire majority stake in KELZAI Volcanic Water
Package water company, CLEAR Premium Water, has announced that it has undertaken to acquire a majority stake in KELZAI Volcanic Water, known for its distinctive natural mineral water sourced from volcanic springs...
Pernod Ricard sells Becherovka bitter brand to Maspex – statement
French spirits group Pernod Ricard announced it would sell its Becherovka bitter brand and related assets, including a factory in the Czech town of Karlovy, to Poland’s Maspex Group. The deal is expected to close...
