Hotline: 1800 102 2007
Search Business Opportunities
Aug, 25 2014

SAIF, Aditya Birla Private Equity to invest RS 80 crore in Manpasand Beverages

SAIF Partners include 30 percent stake in Gujarat based company.

SAIF Partners, the South Asia-focused private equity firm is increasing its stake in Gujarat based Manpasand Beverages ahead of the company's planned initial public offering (IPO). SAIF Partners, along with Aditya Birla Private Equity is planning to invest Rs 70-80 crore in a pre-IPO round of fund raising by the company in a transaction that values Manpasand Beverages at Rs 1,000 crore company.

Speaking on the same, an investment banker aware of the development, said, "The company has raised Rs 80 crore ahead of its proposed IPO and will come out with the issue by next financial year.”

Vishal Sood, MD, SAIF Partners confirmed the investment by mentioning that, “We have invested just over Rs 70 crore along with Aditya Birla PE. Post the investment, SAIF holds just under 30 percent stake in the company."

Manpasand Beverages is the manufacturer of Sip brand of fruit juices in mango, apple and other flavours. The company has appointed investment banks Kotak Mahindra Capital and India Infoline to manage the IPO. Aditya Birla Private Equity will roughly own a stake of around 5 percent in the company after the transaction.  The company plans to raise Rs 250 crore through its public offering. SAIF will partly exit its stake in the company.

The company is looking at raising capital through the IPO for further capacity expansion. It is planning to set up more factories and expand the Varanasi facility. The company is expected to earn revenue of around Rs 500 crore in FY15, up from about Rs 300 crore in the previous year.

Commenting on the same, Dhirendra Singh, MD, Manpasand Beverages, said, "We had initially focused on tier-II and tier-III markets which were our target markets. There is still a great supply gap in those markets.”

Related opportunities
  • Gyms and Fitness Centres
    About Us: Trugym is an innovative gym operator from the UK...
    Locations looking for expansion Delhi
    Establishment year 2009
    Franchising Launch Date 2018
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 3000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Pathological Labs
    About Us: Established in 1995 by Dr. Vinay Goel, Lifecare Diagnostics..
    Locations looking for expansion Maharashtra
    Establishment year 1995
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Department & Convenience Stores
    About Us  NDB Convenio is a venture of NDB Retail India..
    Locations looking for expansion Delhi
    Establishment year 2005
    Franchising Launch Date 2018
    Investment size Rs. 30lac - 50lac
    Space required 600
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Quick Service Restaurants
    MR & MRS IDLY - a QSR business model for..
    Locations looking for expansion Tamil Nadu
    Establishment year 2007
    Franchising Launch Date 2008
    Investment size Rs. 5lac - 10lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Chennai Tamil Nadu
Insta-Subscribe to
The Franchising World
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities