Ackermans & van Haaren (AvH) to acquire a minority stake in VKC Nuts for a total of €41m.

AvH, a diversified Belgian investment group, agreed to acquire a minority stake in VKC Nuts, a family-owned business in India’s dried fruits and nuts sector, for a total of €41m. AvH will invest €22m alongside co-investor Venturi, an investment firm, which will contribute €19m. “We are pleased to support CEO Gunjan Jain, his family and the VKC management team in executing their growth strategy. The Nutraj brand has become one of India’s trusted names in healthy snacking, built on nearly a century of expertise in sourcing and delivering the finest nuts to Indian households. This investment aligns well with Ackermans & van Haaren’s strategy to partner with family-owned businesses with deep sectoral knowledge in the rapidly expanding Indian market," Jens Van Nieuwenborgh, AvH Investment Director.