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Temasek eyes more Indian family-run businesses after Haldiram's deal - The Economic Times

Economic Times

Economic Times · 25d ago

Temasek eyes more Indian family-run businesses after Haldiram's deal - The Economic Times

Singapore's state investor, Temasek, is keen on investing in Indian family-run businesses due to their strong brand loyalty and multigenerational legacies. After acquiring a 10% stake in Haldiram's for $1 billion, Temasek plans further investments in India's consumer sector. With prior investments in Indian family businesses like Manipal Hospitals, Temasek aims to drive long-term value creation and maintains a positive outlook, intending to invest up to $10 billion in India over three years.

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’Largest private equity buyout in India’: Blackstone in advanced talks to acquire controlling stake in Haldiram’s

Livemint

Livemint · 1y ago

’Largest private equity buyout in India’: Blackstone in advanced talks to acquire controlling stake in Haldiram’s

Private equity firm Blackstone is reportedly in advanced talks to acquire a controlling stake in Haldiram's, India's largest family-run snacks business. Blackstone, along with its partners Abu Dhabi Investment Authority and Singapore's GIC, has been in negotiations with the Haldiram Agarwal family for several months. The deal, valued at up to ₹70,000 crore, would potentially make it the largest private equity buyout deal in India. However, differences in company valuation and the family's desire to retain a larger share of the business have reportedly delayed the negotiations. Haldiram's has also received bids from Bain & Co. and Temasek Holdings.

Blackstone eyes 20% stake in Haldiram's at $8 bn valuation

VCCircle

VCCircle · 8m ago

Blackstone eyes 20% stake in Haldiram's at $8 bn valuation

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.

Temasek inks deal to invest in Haldiram's at valuation of $10 bn

VCCircle

VCCircle · 4m ago

Temasek inks deal to invest in Haldiram's at valuation of $10 bn

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.

Alpha Wave, Abu Dhabi's IHC join Temasek to invest in Haldiram's

VCCircle

VCCircle · 4m ago

Alpha Wave, Abu Dhabi's IHC join Temasek to invest in Haldiram's

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.

Blackstone makes move for ₹40,000 crore entry into Indian snacks market, to acquire 51% stake in Haldiram’s: Report | Mint

Livemint

Livemint · 1y ago

Blackstone makes move for ₹40,000 crore entry into Indian snacks market, to acquire 51% stake in Haldiram’s: Report | Mint

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.

Bankruptcy court orders liquidation of Future Retail as resolution eludes | Mint

Livemint

Livemint · 1y ago

Bankruptcy court orders liquidation of Future Retail as resolution eludes | Mint

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.

Blackstone-Haldiram's talks move forward; Medikabazaar CEO steps down

VCCircle

VCCircle · 1y ago

Blackstone-Haldiram's talks move forward; Medikabazaar CEO steps down

Blackstone is reportedly in advanced talks to acquire a controlling stake in Haldiram's, an Indian snacks business, for up to $8.4 billion. The private equity firm, along with Abu Dhabi Investment Authority and GIC, has been negotiating with the Agrawal family, who own Haldiram's. The deal, if finalized, would be the largest-ever private equity investment in an Indian company. In other news, the CEO of Medikabazaar, a B2B online marketplace for medical supplies, has stepped down from his position. No further details were provided.

Singapore's Temasek seeks CCI nod to acquire 10% stake in Haldiram

YourStory

YourStory · 4m ago

Singapore's Temasek seeks CCI nod to acquire 10% stake in Haldiram

Temasek Holdings seeks approval from the Competition Commission of India to acquire a 10% stake in Haldiram Snacks Food through its arm Jongsong Investments. This strategic move values Haldiram at $10 billion. The Agarwal family, Haldiram's promoters, might sell more stakes, potentially considering an IPO in the future. Established in 1937, Haldiram merged its Delhi and Nagpur factions, expanding into markets across 80 countries. The investment aims to support Haldiram’s domestic and international expansion plans.

India's Tata seeks control of Haldiram's, snack maker wants $10 billion valuation

Reuters · 1y ago

India's Tata seeks control of Haldiram's, snack maker wants $10 billion valuation

Tata Group's consumer unit is in discussions to acquire at least 51% of popular Indian snack food maker Haldiram's, but it's hesitant about the $10 billion valuation. Haldiram's is also considering selling a 10% stake to private equity firms, including Bain Capital. Tata Consumer Products, which owns Tetley and has a partnership with Starbucks in India, finds the valuation high given Haldiram's annual revenue is around $1.5 billion. If the deal goes through, Tata would compete with Pepsi and Reliance Retail. Tata Consumer shares surged nearly 4% on the news.

Temasek hits $50 billion milestone in India—eyes bigger, more concentrated bets

Livemint

Livemint · 25d ago

Temasek hits $50 billion milestone in India—eyes bigger, more concentrated bets

Temasek Holdings, Singapore's state investor, reached a milestone of $50 billion in assets under management in India. The firm plans to continue its large investment strategy, with a focus on making bigger, more concentrated bets, averaging around $200-250 million per investment. This year, Temasek expects to maintain its capital deployment pace, investing about $3 billion across public and private markets in India, reflecting its confidence in the Indian economy's growth potential.

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