BDA’s client Rich Product acquires 50% stake in Rich Graviss

By Nikita Chaurasia  Date: 2020-04-20

BDA’s client Rich Product acquires 50% stake in Rich Graviss
  • The transaction is expected to provide impetus to the Consumer practice meant for blue-chip clients in the food landscape.
  • Volatile market offers an opportunity for strong global companies to expand their businesses in the Asian landscape.

BDA Partners has announced acquisition of the outstanding 50% stake in Rich Graviss Products by its client Rich Products Corp.

For starters, Rich Graviss provides food service products and in-store bakeries. It is worth noting that BDA Partners was the exclusive financial advisor on the transaction.

Rich Graviss is said to be dealing in non-dairy toppings, cooking creams, and icing. Further, India is believed to be a major growth hub for Rich’s and has continues to be a top priority.

Senior Managing Director of BD Partner Euan Rellie expressed his delight at having suggested Rich on the acquisition of Rich Graviss. He was quoted to be optimistic regarding the future outlook of the business under the ownership of Rich. The transaction is expected to provide impetus to the Consumer practice meant for blue-chip clients in the food landscape.

He went on the highlight that the volatile market offers an opportunity for strong global companies to expand their businesses in the Asian landscape. He did not shy away from saying that India holds an immense opportunity to expand over the medium term.

MD and Head of the Mumbai office at BDA Partners Kumar Mahtani stressed that the Rich Graviss transaction was an example of global strategic interest in the domestic Indian market. He noted that there was strong cross-border interest oozing from multinational companies amid the current scenario.

About BDA

BDA Partner is an investment banking advisor for Asia with over 20 years of experience in advising cross-border M&A, financial restructuring and capital raising.

Source credit:

https://www.benzinga.com/pressreleases/20/04/r15836774/bda-advises-rich-products-on-the-acquisition-of-rich-graviss-india

About Author

Nikita Chaurasia     aeresearch.net

Nikita Chaurasia

An accomplished professional in the field of content development, playing with words comes naturally to Nikita Chaurasia. After completing her post-graduate MBA degree in Advertising and PR, Nikita worked across numerous content-driven verticals, undertaking diverse r...

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