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New Deal


Announced

EQT-backed Oterra to acquire Akay Group.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

Pending

food flavouring

Friendly

Private

Majority

Private Equity

Cross Border

India

Food Products

natural ingredients

Acquisition

Synopsis

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EQT-backed Oterra, a supplier of natural colors, agreed to acquire Akay Group, a provider of natural colors and nutraceutical ingredients. Financial terms were not disclosed. "Akay is a great strategic match for Oterra. It adds to Oterra’s best-known core-strength – natural colors, and its portfolio of nutraceutical products complements Oterra’s existing portfolio of products for natural dietary supplements. The demand for all-natural products in this market is on the rise – and so is Oterra," Cees de Jong, Oterra Chairman.

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