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Private Equity | Agriculture | Food & Beverage

Sale of Rabo Equity Management Company’s stake in Daawat Foods to SALIC

India Agri Business Fund, through its investment manager Rabo Equity Management Company, has sold its stake in Daawat Foods Limited to Saudi Agricultural and Livestock Investment Company (SALIC).

Daawat Foods Limited is a leading Indian producer of high-quality basmati rice. It is a subsidiary of LT Foods Limited. Daawat Foods was founded in the 1980s and is based in Delhi.

SALIC is owned by the Public Investment Fund of Saudi Arabia and operates as an investment company. It was founded in 2012 and invests primarily in businesses focused on various agricultural commodities.

India Agri Business Fund is a food and agriculture-focused PE fund undertaking investments in India. Rabo Equity Management Company is the investment manager for India Agri Business Fund. The fund hast US$270 million assets under management.

Oaklins’ team in India successfully advised Rabo Equity Management Company and acted as the exclusive strategic and financial advisor in this transaction.

M&A sell-side

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 Parag  Khadgi

Parag Khadgi

Managing Director
Mumbai, India
Oaklins YES Securities

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