Sreeraj Krishnamoorthy
Singhi Advisors Pvt. Ltd.
Koeleman India
Deal Type
Company sale
Sector
Consumer
Completion Date
12th April 2023
Deal Value
Not disclosed
Company Background
Koeleman India is one of the reputed processors of various fruits & vegetables, like Gherkins, Olives, Jalapeno, Bell Pepper & Baby Corn. Company does private labelling of these products to many large, globally reputed food companies based in US, Europe and Australia.
Deal Summary
Singhi Advisors acted as an exclusive financial & strategic advisor in the acquisition of Koeleman India Pvt Ltd, a private label manufacturer of processed fruits & vegetables, by OFB Tech Pvt Ltd (OfBusiness), a USD 10 Bn valued startup which provides tech enabled platform to sell industrial goods.
OFB Tech Pvt Ltd, a privately held unicorn startup, valued at USD 10 Bn and invested by globally reputed funds like Softbank, Tiger Global, Norwest, Zodius & Matrix Partners has entered into an agreement to acquire 100% stake in Bengaluru based Koeleman India Pvt Ltd, an 100% subsidiary of Netherland headquartered Koeleman Foods International B.V. The transaction will help the parent entity to exit from its non-core business vertical.
Through this acquisition, OFB will get access to State-of-the Art processing unit of Koeleman India, long term customers and professional management team. This transaction enables OFB’s entry into processed food segment.
Koeleman India deal contacts
Key members of the Singhi Advisors Pvt. Ltd. deal team crucial in the Koeleman India transaction
