JSA and Jerome Merchant + Partners advised on Advent International’s investment in Iscon Balaji Foods.
Advent International has acquired a significant minority stake in Iscon Balaji Foods Private Limited through a combination of primary infusion and secondary purchase of shares.
Advent International will make the investment through Paldone Limited, its Cyprus-based private equity platform.
Iscon Balaji Foods is amongst the leading manufacturers and exporters of frozen food products and supplies products to leading QSR and foodservice customers across India, Southeast Asia, the Middle East, and the Far East.
The transaction remains subject to customary closing conditions.
JSA advised Advent International on the transaction.
The transaction was led by Lead Partner Vikram Raghani, with support from Partner Birbahadur Sachar, Principal Associate Farah Titina, Senior Associates Manoj Mohapatra, and Tavishi Chandra, Associates Krishna Giri Nair, Samika Pachouly, Rashika Sharda, Ankitaa N Iyer, Yagnesh Sharma, and Senior Company Secretary Niki Shah.
Employment law aspects of the transaction were handled by Partner Preetha Soman, with support from Principal Associate Madhur Khandelwal.
Competition law aspects were handled by Partners Vaibhav Choukse, and Ela Bali, and Senior Associate Faiz Siddiqui.
Jerome Merchant + Partners advised 360 One Asset.
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