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In Rs 5,100-crore deal, Tatas acquire Capital Foods; Buys Organic India for Rs 1,900 crore

In Rs 5,100-crore deal, Tatas acquire Capital Foods; Buys Organic India for Rs 1,900 crore
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Tata Consumer signs pacts to buy Capital Foods, Organic India

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.

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Tata Consumer Products Ltd: Tata Consumer set to acquire Capital Foods, Organic India

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.

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Tata Consumer Set to Acquire Capital Foods, Organic India

Tata Consumer Products Ltd (TCPL) is set to announce the acquisition of controlling stakes in Capital Foods Pvt, which owns Ching s Secret, and Organic India, the Fabindia-backed organic teas and health products maker.

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tata consumer shares: Tata Consumer shares rally 4% to new peak on two new additions in portfolio

The Tata firm is also said to be picking a controlling stake in Organic India for a Rs 1,800 crore valuation from FabIndia. Fabindia is backed by Premji Invest and Lighthouse Capital, and owns over 40% stake in Organic India, based in Lucknow.

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