Exclusive: ICICI Venture in talks to invest in bakery chain
ICICI Venture, the private equity arm of ICICI Bank, is in advanced talks to acquire a stake in a Mumbai-based bakery chain, a person privy to the development told VCCircle. ICICI Venture, which has an enviable past with a strong mid-market investment franchise, usually invests at least $20 million (Rs 135 crore) for a particular deal. However, it has also occasionally done smaller transactions as well in the past such as in life sciences company Avesthagen and Mahindra Retail. The homegrown PE firm recently raised most of its targeted corpus under its new sector-agnostic fund and is now looking to...
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French Bakery Pvt. Ltd. is engaged in manufacturing bakery and confectionery products. Its product range includes cakes, individual pastries, macarons, viennese pastries, breads and salty items. The company was incorporated in 2008 and is based in Noida, Uttar Pradesh.