.
MergerLinks Header Logo

New Deal


Announced

Completed

Hortifrut completed the acquisition of a 50% stake in IG Berries for $20m.

Financials

Edit Data
Transaction Value£15m
Consideration TypeCash
Capital Owned-
Capital Bid For50%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

horticulture

Single Bidder

Farming Fishing Ranching and Plantations

Acquisition

India

British Indian Ocean Territory

Cross Border

Minority

Private

Friendly

Completed

Synopsis

Edit

Hortifrut, a fresh berry company, completed the acquisition of a 50% stake in IG Berries, a producer of blueberries intended to serve the domestic and international market, for $20m. “IG Berries is the first venture of its kind focused on high tech blueberry production in India and Hortifrut is a global business known world-wide for its strategic partnerships and leadership in berries. Our new partnership with Hortifrut as the global leader in blueberry and the strength of IG International in distribution and logistics will ensure this expansion transforms the berry business across India in the years to come," Tarun Arora, IG Executive Director.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US