Haldiram to Sell a Large Share of Its Business

India’s Largest Snacks Manufacturer is all set to sell stakes in its business. Read More>>

Bain Capital vs Blackstone

Bain Capital joins forces with Temasek to compete against Blackstone for a controlling stake in Haldiram Snacks Food Pvt Ltd.

Major Bid for Haldiram

Bain and Temasek's non-binding offer values Haldiram at $8-8.5 billion, making it potentially India's largest private equity acquisition.

Blackstone's Strong Rival

Blackstone, partnered with ADIA and GIC, aims to acquire up to 76% of Haldiram. Bain and Temasek's bid poses significant competition.

Bain's Strategic Moves

Bain has been in talks with Haldiram's founding family for seven months, focusing on minority investments initially. The family now considering offloading a majority stake.

Merger Timing

The deal aims to coincide with Haldiram's National Company Law Tribunal (NCLT) approval of the merger, expected in 3-4 months, to ensure a smooth transaction.

New Management Control

Both Bain and Blackstone seek a change in management control of Haldiram. Bain may include other LPs and partners depending on the final stake.

Final Negotiations Ahead

While non-binding bids are submitted, final negotiations remain uncertain. The outcome will depend on various factors, including valuation expectations.