Home » Business » India Agri enterprise Fund II to invests $15 mn in Cremica meals

India Agri enterprise Fund II to invests $15 mn in Cremica meals

Non-public fairness Fund India Agri business Fund II will make investments $15 million (Rs one zero one crore) to gather minority stake in FMCG firm Cremica meals Industries.

Rabo Equity Advisors, Investment Advisors for India Agri Business Fund II, has announced an investment of USD 15 million into Cremica Food Industries for acquisition of a minority stake by the fund. (Website screenshot)

“Rabo fairness Advisors, investment Advisors for India Agri commercial enterprise Fund II, has announced an investment of $15 million into Cremica meals Industries for acquisition of a minority stake via the fund,” Cremica food stated in a statement.

Cremica – whose product range encompass chips, sauces, sandwich mayonnaise, salad dressings and syrups – is eyeing Rs 1,000 crore turnover by way of 2020.

India Agri business Fund II is a $200 million personal fairness fund centered at growth and growth of Indian food and agri-commercial enterprise businesses in India. it’s far sponsored by using Rabobank in conjunction with pedigreed institutional traders.

This is the primary investment with the aid of India Agri enterprise Fund II.

Rabo equity Advisors, controlled by using Rajesh Srivastava, advises funds in India, IABF–II and IABF–I.
India Agri business Fund (IABF) I – a $120 million fund that’s absolutely invested in companies like Prabhat Dairy, NCMSL, LT meals, Daawat meals, Vacmet, international inexperienced, among others, and the these days raised – IABF II.

The fund has a protracted-time period ‘expertise Sharing settlement” with Rabobank.

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