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Talwar Thakore & Associates (TT&A) advised L Catterton (LCAT) as an existing shareholder in Drools Pet Food Private Limited in the proposed acquisition of a minority stake shareholding by Nestle S.A. (Nestle).
This follows an earlier investment by L Catterton in June 2023, where the global consumer-focused private equity firm also took a minority stake in Drools.
The company will use portions of the investment to expand in a growing market and pursuant to investment by Nestle, the Company has become the first pet food brand unicorn. This marks Nestlé SA’s first-ever investment in an Indian brand.
The TT&A Team included Partners Sachin Mehta & Swati Chauhan and Senior Associate Aditi Somani.
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