Private equity major Advent International on Monday announced the appointment of former Jubilant Foodworks CEO Pratik Pota to lead its portfolio company, Eureka Forbes with effect from 16 August. Pota will lead the management team to continue scaling the business, solidifying Eureka Forbes' market leadership position, and delivering innovative products for a growing customer base, Eureka Forbes said in its …
Mumbai: Global private equity firm Advent International has signed a definitive agreement with Shapoorji Pallonji Group to acquire a majority stake in health and safety solutions firm Eureka Forbes Limited at an enterprise value of Rs 4,400 crore, subject to closing agreements. Commenting on the deal, Mr. Jai Mavani, Executive Director, Shapoorji Pallonji and Company Private Limited, said, "We are …
Shapoorji Pallonji Group has sold majority stake in its consumer durables business under the Eureka Forbes label to US-based private equity fund Advent International for a sum of ₹4,400-crore. Upon demerger and listing, Advent will purchase up to 72.56 per cent of Eureka Forbes then outstanding stock on a fully diluted basis from SP Group owned Forbes & Co, and …
The Shapoorji Pallonji Group has restarted the sale process of home hygiene products maker Eureka Forbes Ltd, two people aware of the development said. “Eureka Forbes is one of the best-known consumer brands in India, and the SP Group was evaluating other structures to monetize the asset without divesting ownership,” said one of the two people cited above. Tata Sons …