Indian law firm Khaitan & Co has advised Tata Consumer Products on its $615 million all-cash acquisition of Capital Foods, which was represented by Anagram Partners.
Under the terms of the deal, Tata Consumer will acquire 75 percent of Capital Foods upfront and the balance 25 percent stake within the next three years. Capital Foods owns FMCG brands including Ching’s Secret and Smith & Jones.
The Khaitan team advising Tata Consumer was led by corporate practice head Haigreve Khaitan and M&A partners Surbhi Kejriwal and Anshuman Mozumdar.
The team at Anagram Partners was led by transactions partner Ankit Mishra.
In a separate deal, Tata Consumer was recently represented by Trilegal and international law firm Sidley Austin on its $230 million acquisition of Fabindia-backed Organics India, which was guided by AZB & Partners and Israeli firm Pearl Cohen Zedek Latzer Baratz.
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