Liquidity Events
Tata Consumer to buy Capital Foods for Rs.5,100-Cr
Publicly listed Tata Consumer Products Ltd (TCPL) is to fully acquire Capital Foods Pvt Ltd , a Mumbai-headquartered maker of instant noodles and condiments including brands like Ching's Secret and Smith & Jones, for INR 5,100 crore.TCPL will acquire a 75% stake in Capital Foods upfront (covering the 40% and 35% stakes held by Private Equity investors Invus Group and General Atlantic) and the remaining 25% over the next three years. Kotak Investment Banking and Khaitan & Co are TCPL’s exclusive financial and legal advisors on the acquisition.
Between Dec-13 and Mar-18, Capital Foods had attracted over USD 228 M from GA and Invus.
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