J. Sagar Associates assisted and advised Grupo Bimbo in the proposed acquisition of Modern Food Enterprises Private Limited from Everfoods Asia Pte. Ltd.
Grupo Bimbo is a Mexican multinational bakery product manufacturing company and is listed on the Mexican Stock Exchange. Ready Roti is the subsidiary of Grupo Bimbo, and owns the brand ‘Harvest Gold’.Everfoods is the private equity firm Everstone Group’s packaged foods platform, that had acquired Modern in 2015 from Hinustan Unilever. With the proposed transaction, Grupo Bimbo will have a strong foothold in the Indian bread and bakery segment.
The transaction team comprised Sidharrth Shankar, Prakriti Jaiswal, Shweta Gupta and Dhruv Malhotra.
Hema Priyadarshini Patnaik, Aman Bhatia, Vidur Prabhakar and Surbhi Talreja assisted in the legal due diligence.
Rupinder Malik, Rajul Bohra, Madhvi Datta and Sriram SL assisted in relation to the compliance due diligence.
Bharat Bhushan Sharma, Akshatha S. Mattamari, Srinivasan M.D, T G. Rajesh Kumar and Mohit Aggarwal assisted in relation to the title due diligence.
Ananya Kumar, Rajat Joneja and Kartikey Gupta assisted in relation to the litigation aspects of the transaction.
Vaibhav Chokse, Ela Bali, Nripi Jolly and Aditi Khanna advised on the competition law related aspects.