Private Equity

PE Fund Investments

Dairy firm Milky Mist in talks with Chryscapital, Kedaara, others for $120-M

Economic Times  

Erode, TN-based Milky Mist Dairy Food is in talks with private equity funds such as ChrysCapital, Kedaara Capital, Multiples PE, True North, TA and Temasek to raise USD 100-120 million in what would be its first institutional funding. The company has appointed Chennai-based investment bank Veda Corporate Advisors to help it with the funding process. Milky Mist began with selling milk and has entered value-added products such as milkshakes, flavoured yogurt, butter, cheese variants and UHT products. The company has a 55-acre plant in Perundurai, and supplies through a retail network of more than 1,50,000 outlets.