TCPL will acquire 75% of Capital Foods upfront and the remaining 25% over the next three years. Invus Group and US private equity group General Atlantic will divest their respective 40% and 35% stakes. Invus is a European family office and investment arm. ET was the first to report both acquisitions in its January 12 edition.
TCPL will be buying 75% of Capital Foods from existing investors Invus Group, a European family office and investment arm, with a 40% stake; US private equity group General Atlantic that owns 35% valuing the company at Rs 5100 crore. That would peg the stake value at Rs 3,825 crore. Founder chairman of Capital Foods and a former advertising boss turned food entrepreneur Ajay Gupta will retain his 25% stake for now but Tatas will buy him out too in future helping him unlock further value.
Tata Consumer: TCPL will be buying 75% of Capital Foods from existing investors Invus Group, a European family office and investment arm, with a 40% stake; US private equity group General Atlantic that owns 35% valuing the company at Rs 5100 crore. That would peg the stake value at Rs 3,825 crore. Founder chairman of Capital Foods and a former advertising boss turned food entrepreneur Ajay Gupta will retain his 25% stake for now but Tatas will buy him out too in future helping him unlock further value.
Tata Consumer Acquisitions: As per the filing, TCPL will acquire 75 per cent stake in Capital Foods at an enterprise value of Rs 5,100 crore and 100 per cent stake in Organic India, a food and beverages and herbal and traditional supplements brand for Rs 1,900 crore.