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News on Medial
Grapevine: Haldiram's stake sale hits stalemate; French firm checks into New Shop
VCCircle
·
11m ago
Medial
The stake sale process for Haldiram Snacks Food Pvt Ltd has encountered a roadblock due to disagreements over pricing and valuation. The Blackstone-led consortium, which includes GIC and the Abu Dhabi Investment Authority, had submitted a non-binding bid valuing the company at over $8 billion in May. However, negotiations have hit a stalemate. On a different note, a French firm has recently made an investment in New Shop, a retail-tech startup.
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Related News
Blackstone makes move for ₹40,000 crore entry into Indian snacks market, to acquire 51% stake in Haldiram’s: Report | Mint
Livemint
·
1y ago
Medial
Blackstone Inc. is reportedly set to bid around ₹40,000 crore for a 51% stake in Indian snack brand Haldiram's. The investment firm aims to enter India's thriving snack market and has increased its offer for the stake sale. If successful, the deal could value Haldiram's at ₹70,000 crore to ₹78,000 crore. Blackstone is expected to acquire a majority stake, controlling power, and a perpetual license for Haldiram's product business. The deal is pending finalization after resolving certain ownership and license issues.
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Bankruptcy court orders liquidation of Future Retail as resolution eludes | Mint
Livemint
·
1y ago
Medial
Blackstone Inc. is reportedly set to bid around ₹40,000 crore for a 51% stake in Indian snack brand Haldiram's. The investment firm aims to enter India's thriving snack market and has increased its offer for the stake sale. If successful, the deal could value Haldiram's at ₹70,000 crore to ₹78,000 crore. Blackstone is expected to acquire a majority stake, controlling power, and a perpetual license for Haldiram's product business. The deal is pending finalization after resolving certain ownership and license issues.
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We are not in discussions with Haldiram's for stake acquisition, says Tata
IndianStartupNews
·
1y ago
Medial
Tata Consumer Products and Haldiram's have both denied reports of negotiations regarding a stake acquisition. Tata Consumer Products refuted claims that it is in talks to acquire at least a 51% stake in Haldiram's, citing a $10 billion valuation demand as a reason for hesitation. Haldiram's also stated that it is not engaged in any discussions with Tata Consumer Products regarding a stake sale. These statements come in response to a Reuters report suggesting negotiations between the two companies.
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Blackstone eyes 20% stake in Haldiram's at $8 bn valuation
VCCircle
·
8m ago
Medial
Private equity firm Blackstone has shifted its position on acquiring a majority stake in Indian snacks business Haldiram's, and is now in discussions to purchase a 20% stake valuing the company at $8bn. Haldiram's, which has a significant presence in India's $6.2bn savoury snacks market, has more than 150 restaurants. Previous talks between Blackstone and Haldiram's saw consortium plan a 75% acquisition, but the snack firm is not interested in selling a large stake. Bain Capital, Temasek and Abu Dhabi Investment Authority are also said to be interested in minority stakes.
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Alpha Wave, Abu Dhabi's IHC join Temasek to invest in Haldiram's
VCCircle
·
4m ago
Medial
Two new investors, Alpha Wave Global and International Holding Co (IHC), have joined Singapore's Temasek in investing in Indian snack company Haldiram's. Temasek recently acquired a 10% stake for $1 billion, valuing Haldiram's at $10 billion. The investment will help Haldiram's expand into markets like the United States and the Middle East. Haldiram’s holds a significant share in India’s savory snack market, known for popular products like "bhujia." The deal is pending regulatory approval.
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Grapevine: Zydus joins Torrent in race for JB Chemicals; The New Shop eyes 24Seven
VCCircle
·
1y ago
Medial
In the race to acquire JB Chemicals and Pharmaceuticals, Torrent Pharmaceuticals and Zydus Lifesciences are competing with private equity firm EQT. They have been shortlisted by KKR, the current owner of JB Chemicals. This comes after earlier reports of Torrent Pharma being in advanced talks to acquire KKR's stake in the company. Meanwhile, The New Shop is reportedly looking to acquire 24Seven.
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Temasek inks deal to invest in Haldiram's at valuation of $10 bn
VCCircle
·
4m ago
Medial
Temasek, Singapore's state investment firm, has signed a deal to acquire nearly a 10% stake in India's Haldiram's snacks division for about $1 billion. This follows extensive negotiations and views Haldiram's as a valuable asset to enhance its focus on India's consumer sector. The deal underscores Haldiram's significant market presence, holding an estimated 13% share in India's $6.2 billion savory snacks market. Neither Temasek nor Haldiram's commented further on the transaction.
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Grapevine: CVC in talks to sell IPL team stake; ENGIE to monetize renewable assets
VCCircle
·
1y ago
Medial
Private equity firm CVC Capital Partners is reportedly in discussions with Adani Group and Torrent Group to sell a controlling stake in the Indian Premier League (IPL) team, Gujarat Titans. CVC intends to sell a majority stake while retaining a minority ownership, according to sources. In another news, ENGIE, a French power company, is exploring options to monetize its renewable assets through a potential IPO or asset swap deals.
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Grapevine: Insight Partners, Peak XV-backed Yubi, Adani Wilmar, and Univest in news
VCCircle
·
8m ago
Medial
Fintech platform Yubi and wealthtech firm Univest are reportedly in talks to raise funds. Meanwhile, Adani Enterprises and Wilmar International may delay the sale of their stake in Adani Wilmar Ltd.
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Grapevine: Da Milano, EPL, Blackstone, Temasek, SavraGram in news
VCCircle
·
9m ago
Medial
Da Milano Italia, a luxury fashion brand, may see the promoter family explore the sale of their stake in the company. Private equity firm Blackstone is considering an exit from one of its portfolio firms that specializes in specialty packaging. Additionally, Temasek, a Singapore-based investment company, is rumored to be planning to increase its stake in SarvaGram, a rural credit startup. These developments were reported in various media outlets.
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