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...

Read More

More News By Nikita Chaurasia

Indian food delivery giant Swiggy to buy Dineout from Times Internet

Indian food delivery giant Swiggy to buy Dineout from Times Internet

By Nikita Chaurasia

Swiggy, an Indian food delivery giant, has recently announced an agreement with Times Internet to buy Dineout, a dining and restaurant technology platform. Swiggy will use the acquisition to enter the dining out (non-delivery) market, where it will c...

Grocery delivery platform Instacart files for U.S. stock market debut

Grocery delivery platform Instacart files for U.S. stock market debut

By Nikita Chaurasia

Instacart, a grocery delivery service, has announced that it has submitted a provisional registration statement with the Securities and Exchange Commission (SEC), clearing the way for the company to list its shares on the U.S. stock exchange. The ...

Tyson Foods improves annual sales outlook as meat prices surge in U.S.

Tyson Foods improves annual sales outlook as meat prices surge in U.S.

By Nikita Chaurasia

American food major Tyson Foods Inc. has reportedly improved its full-year sales outlook after witnessing better-than-expected earnings and revenue in the last quarter. The company raised its full-year sales to around USD 54 billion, above the averag...

EU likely to enforce new rules to regulate tech giants in spring 2023

EU likely to enforce new rules to regulate tech giants in spring 2023

By Nikita Chaurasia

The Executive Vice President of the European Commission Margrethe Vestager reportedly claimed that the union is likely to start enforcing the Digital Markets Act (DMA) in the spring of 2023. The antitrust legislation, which aims to limit the power of...

India teams up with Japan to develop affordable EV charging standard

India teams up with Japan to develop affordable EV charging standard

By Nikita Chaurasia

India and Japan are reportedly working on a joint initiative to develop a standard for electric vehicle charging in emerging markets. The duo will use Japan’s protocols to make easier-to-install and operate EV charging stations. The CHAdeMO ...