.

New Deal

New Deal

Announced

5 May 2023

Completed

5 May 2023

ITC to acquire a 47.5% stake in Sproutlife Foods for $31m.

Financials

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Transaction Value£24m

Consideration TypeCash

Capital Owned-

Capital Bid For48%

EV/Sales-

EV/EBITDA-

Share Price Premium-

One Off Charge-

target

Sproutlife Foods Pvt

bidder

Itc

Sources

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Tags

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Private

India

snacks

Food Products

Domestic

Minority

Friendly

Acquisition

Completed

Single Bidder

Synopsis

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ITC, a tobacco manufacturer, agreed to acquire a 47.5% stake in Sproutlife Foods, a food company offering range of nutritional snack bars and muesli, for $31m.

Service Providers (2)

Dealmakers

legal advisors

Shardul Amarchand Mangaldas & Co

financial advisors

BDO

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