BDA Partners is pleased to announce that its client, Rich Products Corp (\u201cRich\u2019s\u201d), has acquired the outstanding 50% stake in its fast-growing Indian JV, Rich Graviss Products (\u201cRich Graviss\u201d). <\/p>\n\n\n\n
Rich Graviss, based in Mumbai, is a market-leading provider of products for food service and in-store bakeries. The seller was Rich\u2019s JV partner Graviss Group. BDA Partners was the exclusive financial advisor to Rich\u2019s on the transaction.<\/p>\n\n\n\n
Rich Graviss is the longstanding Indian leader in non-dairy toppings, icing, and cooking creams. Rich\u2019s will continue to grow this bakery and food service business. India has been a key growth market for Rich\u2019s and continues to be a high priority. <\/p>\n\n\n\n
Euan Rellie, Senior Managing Director, BDA Partner, said: \u201cWe\u2019re pleased to have advised Rich\u2019s on the successful acquisition of Rich Graviss. We expect the business to flourish under Rich\u2019s ownership. This transaction continues the strong momentum for our Consumer practice. We consistently achieve good outcomes for our blue-chip clients in the food industry. Today\u2019s turbulent markets represent an opportunity for strong global players to grow their business in the Asian markets. India is poised for outstanding growth over the medium term.\u201d<\/p>\n\n\n\n
Kumar Mahtani, Managing Director & Head of the Mumbai office at BDA Partners, commented: \u201cThe Rich Graviss transaction is a good example of global strategic interest in the domestic Consumer market in India. Even in the current difficult environment, we see strong cross-border interest from multinational companies that will continue to drive Indian M&A activity.\u201d<\/p>\n","protected":false},"featured_media":9482,"template":"","class_list":["post-9477","transaction","type-transaction","status-publish","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"\n