Indivision Picks Up 33 Per Cent In Mumbai-based Capital Foods
Tue, 04/25/2006 - 18:20 — Sahad P V
Indivision Capital, the private equity arm of Future Capital (a Pantaloon Retail group company), has picked up 33 per cent stake in processed foods company, Capital Foods. VC Circle learns that the amount of investment could be in the range of Rs 25-30 crore.
The Mumbai-based company makes processed food brands like Smith & Jones and Ching’s Secret and is also a leading private label supplier to several big retailers like Target and Tesco. The promoters of the Capital Foods will hold 67 per cent after the transaction. It has a turnover of around Rs 40 crore. The company has a manufacturing facility to make ready to eat meals plant at Kandla for products like ketchup, chutney and cooking pastes. [Via The Economic Times]
