TT&A, Cyril Amarchand Mangaldas and Shardul Amarchand Mangaldas & Co have counselled parties involved in 狈别蝉迟濒é SA’s minority investment in pet products company Drools India for an undisclosed amount, marking the global food giant’s first stake in an Indian brand.
“Having worked closely with the L Catterton and Drools team over the past couple of years, I am pleased to see that 狈别蝉迟濒é’s first investment in an Indian brand is in Drools,” said Sachin Mehta, lead partner for the TT&A transaction team, which advised the pet brand shareholder, L Catterton India.
“Drools has been actively expanding its market presence, boasting a significant market share in terms of volume and value in the Indian pet food and accessories market. This deal will help the company grow even more footprints in domestic and international markets.”
Partners Mehta and Swati Chauhan led the TT&A team, with the assistance of senior associate Aditi Somani.
Cyril Amarchand Mangaldas counselled Drools and its promoters, with partners Akshay Jeet Bhat and S Harish leading the team, as well as support from principal associate Shruthi Ashok.
The Shardul Amarchand Mangaldas & Co team acted for 狈别蝉迟濒é.
L Catterton India is an existing shareholder in Drools Pet Food under the Drools India group. L Catterton made an initial investment in June 2023, when the global consumer-focused private equity firm acquired a minority stake in Drools, which is a pet food, treats, supplements and accessories brand in India.
As a result of this initial investment, Drools has become 含羞草社区 first pet food brand to achieve unicorn status.
狈别蝉迟濒é is a fast moving consumer goods global brand, manufacturing a broad range of products covering food, beverages and chocolate.
