M&A Deal Summary

True North Co. Acquires Keya Foods

On January 1, 2013, private equity firm True North Co. acquired food company Keya Foods

Acquisition Highlights
  • This is True North Co.’s 2nd transaction in the Food sector.
  • This is True North Co.’s 24th transaction in India.

M&A Deal Summary

Date 2013-01-01
Target Keya Foods
Sector Food
Buyer(s) True North Co.
Deal Type Buyout (LBO, MBO, MBI)

Target

Keya Foods

Mumbai, India
Keya Foods provides end-to-end gourmet styled food & condiments to everyone’s kitchen and to inspire them to fall in love with their home made food. Keya Foods was founded in 2009 and is based in Mumbai, Maharashtra.

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Buyer(S) 1

Buyer

True North Co.

Mumbai, India

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

True North Co. is a private equity firm focused on making investments in growing middle-market companies operating in India. The Firm looks to invest a minimum of $50 million per transaction. Sectors of interest include consumer, healthcare, financial services, infrastructure services, and IT. True North does not invest in start-ups or early-stage companies. True North Co. was formed in 1999 and is headquartered in Mumbai.


DEAL STATS #
Overall 27 of 43
Sector: Food M&A 2 of 3
Type: Buyout (LBO, MBO, MBI) M&A Deals 17 of 21
Country: India M&A 24 of 37
Year: 2013 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-01 VKL Seasonings Pvt.

Kochi, India

VKL Seasonings Pvt. Ltd. engages in the spice capital of the world, Kerala, is the flagship company of the Kanji Morarji Group. VSPL has mastered the ability to identify and lead taste trends, evolving as one of India's largest seasoning and flavor ingredients company. This lineage and rich spice heritage, combined with relentless innovation, has helped bring state-of-the-art integrated ingredient solutions to all segments of the Indian market. VSPL has helped craft industry-winning food products for top FMCG, QSR and Snack brands in India.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-29 HiCare

Mumbai, India

Hicare is a pest control services provider, operating across the country through 52 branches in 27 cities. It serves over one lakh residential customers and 10,000 commercial customers with major network of franchise partners. HiCare was founded in 1993 and is based in Mumbai, Maharashtra.

Buy -