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  5. Peepul Capital Acquires Innovative Foods

M&A Deal Summary

Peepul Capital Acquires Innovative Foods

On March 28, 2016, growth capital firm Peepul Capital acquired food company Innovative Foods

Acquisition Highlights
  • This is Peepul Capital’s 3rd transaction in the Food sector.
  • This is Peepul Capital’s 34th transaction in India.

M&A Deal Summary
Date 2016-03-28
Target Innovative Foods
Sector Food
Buyer(s) Peepul Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Innovative Foods

Kerala, India
Innovative Foods is a player in frozen foods category. It has a wide ready-to-cook product basket including vegetables, vegetarian /non-vegetarian snacks (breaded products), poultry, seafood and non-traditional meats (such as pork). The Product range is marketed under the “Sumeru” brand across India and select international countries. Innovative Foods was founded in 1989 and is based in Kerala, India.

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Buyer(S) 1

Buyer

Peepul Capital

Category Growth Capital Firm
Founded 2000
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Peepul Capital is an India-focused private equity firm focused on promising early-stage, expansion-stage and restructuring/buyout opportunities. Peepul looks to invest $15 to $35 million per transaction. The Firm prefers 'asset light', scalable businesses with products and services targeting the Indian consumer. Peepul was formed in 2000 and maintains its investment offices in Chennai and Hyderabad.

DEAL STATS #
Overall 40 of 41
Sector: Food M&A 3 of 3
Type: Buyout (LBO, MBO, MBI) M&A Deals 2 of 2
Country: India M&A 34 of 35
Year: 2016 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-15 UniverCell Telecommunications India Pvt.

Chennai, India

UniverCell Telecommunications India Pvt. Ltd. is a mobile retail chain company which currently has a presence in South India.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-17 Klay Schools

Bangalore, India

Klay Schools is a provider of early child care and educational services. It operates a pan India chain of over 140 Childcare centers catering to infants and toddlers, providing day care and after school services. It operates the centers under the brand names of KLAY (Kids, Learning and You) and TLC (The Little Company). Klay Schools was founded in 2011 and is based in Bangalore, India.

Buy -
Mergr

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