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Announced

Spencer's Retail to acquire Nature's Basket for $43m.

Financials

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Transaction Value£33m
Consideration Type-
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Pending

Private

Food Retailers and Wholesalers

Friendly

Acquisition

India

upmarket supermarket

Single Bidder

Synopsis

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India’s Spencer’s Retail, a part of RP Sanjiv Goenka Group, agreed to acquire upmarket grocery chain Nature's Basket from Godrej Industries for INR3bn ($43m). Spencer's runs its own grocery stores in parts of the country. "Nature's Basket has a strong portfolio of private label brands which has huge traction with its consumers," Goenka said, adding that RPG would also benefit from the chain's online grocery business.

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