MergerLinks - SALIC to acquire 29.5% stake in Daawat Foods from India Agri Business Fund for $17.23mю

.

New Deal

New Deal

Announced

12 Feb 2020

Completed

14 Feb 2023

SALIC to acquire 29.5% stake in Daawat Foods from India Agri Business Fund for $17.23mю

Financials

Transaction Value-

Consideration TypeCash

Capital Owned-

Capital Bid For-

EV/Sales-

EV/EBITDA-

Share Price Premium-

One Off Charge-

Daawat Foods

target

Daawat Foods

vendor

India Agri Business Fund

Rabobank Group

vendor

Rabobank Group

Saudi Agricultural And Livestock Investment Company

bidder

Saudi Agricultural And Livestock Investment Company

Sources

Press Release

LT Foods - 22 May 2020

Tags

food

Friendly

Acquisition

Private

Single Bidder

India

Food Products

Minority

Completed

Private Equity

Synopsis

SALIC completed the acquisition of 29.5% stake in Daawat Foods, one of the manufacturing and sourcing arms of LT Foods, from India Agri Business Fund for $17.28m.

Service Providers

Ashwani Kumar Arora

CEO at DAAWAT FOODS LIMITED

Hemendra Mathur

Managing Director at INDIA AGRI BUSINESS FUND

Wiebe Draijer

Chairman at RABOBANK GROUP

Yashodhara Chauhan

Associate at Khaitan & Co

Kevin Peter

Principal Associate at Khaitan & Co

Mayank Singh

Partner at Khaitan & Co

Abdulrahman Bin Abdulmohsen Al Fadhli

Chairman at SAUDI AGRICULTURAL AND LIVESTOCK INVESTMENT COMPANY

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