Private equity firm Vertices Partners and legal advisors Spice Route Legal are involved in the ₹271 crore acquisition of Osam Dairy by Dodla Dairy.
Dodla Dairy Expands Eastern Presence with Acquisition of Osam Dairy
Dodla Dairy Limited, a well-known South Indian dairy company known for its extensive range of products, has made a strategic move to expand its footprint in the eastern market. The company has recently acquired HR Food Processing Private Limited, better known as Osam Dairy, for a consideration of ₹271 crore.
Osam Dairy, a premium dairy brand based in eastern India, brings with it an established brand and distribution network that Dodla Dairy aims to leverage. The acquisition was represented by VERTICES PARTNERS, with Vikrant Anand (Partner) leading the transaction team.
Spice Route Legal advised Dodla Dairy on the 100% acquisition of Osam Dairy. Praveen Raju (Partner) from Spice Route Legal joined the transaction team, along with associates Nishant Singh, Nishtha Khandelwal, and Mohammed Kaif. They provided legal guidance to Dodla Dairy, ensuring a smooth transaction.
On the other side, Osam Dairy and its promoters were represented by InCred Capital, who acted as the exclusive financial advisor for the acquisition. The legal advisers from Spice Route Legal who worked on behalf of the sellers (Osam Dairy and its investors) included Praveen Raju and Associates, Felina Das, Vinita Jagtiani, and Somya Sharma. These associates were part of the transaction team from VERTICES PARTNERS.
The acquisition is significant for Dodla Dairy as it strengthens its presence in the eastern market, complementing its already strong presence in the southern region. The company is recognised for its commitment to quality and innovation in the dairy sector.
Vinayak Burman provided strategic inputs for the transaction, ensuring that the acquisition aligns with Dodla Dairy's long-term goals and vision. No information regarding the filling of forms for publication on Bar & Bench was provided in the text.
The selling shareholders of Osam Dairy were Lok Capital Growth Fund, Aavishkaar India II Company Limited, and Aavishkaar Venture Management Services Private Limited. Spice Route Legal advised these entities on the transaction, ensuring a fair and beneficial deal for all parties involved.
This strategic acquisition is expected to boost Dodla Dairy's growth and market share, solidifying its position as a leading dairy company in India.
- The acquisition of Osam Dairy by Dodla Dairy, a key move in the finance sector, aims to bolster the company's presence in the eastern market, demonstrating its commitment to growth and expansion within the industry.
- The business strategy of Dodla Dairy, as seen in their acquisition of Osam Dairy, focuses on leveraging established brands and distribution networks to strengthen their market position and increase their finance-driven growth in the competitive dairy industry.
