M&A Deal Summary

Investcorp Acquires Intergrow Brands

On October 30, 2019, asset manager Investcorp acquired consumer products company Intergrow Brands from Synthite Industries Pvt. for 11M USD

Acquisition Highlights
  • This is Investcorp’s 9th transaction in the Consumer Products sector.
  • This is Investcorp’s 35th largest (disclosed) transaction.
  • This is Investcorp’s 5th transaction in India.

M&A Deal Summary

Date 2019-10-30
Target Intergrow Brands
Sector Consumer Products
Buyer(s) Investcorp
Sellers(s) Synthite Industries Pvt.
Deal Type Divestiture
Deal Value 11M USD

Target

Intergrow Brands

Ernakulam, India
Intergrow Brands products ranging from packaged spices, marinades, sauces and seasonings to premium gourmet food and tea. Intergrow also has a wide bouquet of premium gourmet food products under the “Sprig” brand. Intergrow Brands was founded in 2014 and is based in Ernakulam, Kerala.

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Buyer(S) 1

Buyer

Investcorp

New York, New York, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1982
PE ASSETS 53.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Investcorp is a global investment group focused on a variety of investment disciplines. Practice areas include private equity in North America and Western Europe, hedge funds, US real estate, technology investments, and Middle Eastern private equity. Within North America/Europe private equity, Investcorp targets market leaders with proven track records. It looks to invest $15 to $50 million in companies with revenues of $10 to $250 million. Investcorp's technology group sponsors growth-oriented control investments in the tech sector. Investcorp's Middle East practice focuses on buyout/build opportunities in North Africa and the Gulf Region. Target sectors include services, infrastructure, manufacturing, and energy. Investcorp was formed in 1982 and is based in Manama, Bahrain.


DEAL STATS #
Overall 148 of 189
Sector: Consumer Products M&A 9 of 12
Type: Divestiture M&A Deals 14 of 17
Country: India M&A 5 of 13
Year: 2019 M&A 11 of 12
Size (of disclosed) 35 of 35
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-14 Bewakoof

Mumbai, India

Bewakoof is a direct to consumer online apparel companies in India focused on providing creative and distinctive fashion at affordable prices for trendy and contemporary Indians. Bewakoof Brands was founded in 2011 and is based in Mumbai, Maharashtra.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-25 NephroPlus

Hyderabad, India

NephroPlus is a dialysis provider network offering highest quality dialysis services. NephroPlus was founded in 2009 and is based in Hyderabad, Telangana.

Buy $45M

Seller(S) 1

SELLER

Synthite Industries Pvt.

Kerala, India

Category Company
Founded 1972
Sector Consumer Products
DESCRIPTION

Synthite Industries Pvt. Ltd. is a producer of value-added spice extracts and natural spice powder with ventures in the food flavoring, real estate, and hospitality. Synthite Industries was founded in 1972 and is based in Kerala, India.


DEAL STATS #
Overall 1 of 1
Sector: Consumer Products M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: India M&A 1 of 1
Year: 2019 M&A 1 of 1
Size (of disclosed) 1 of 1