Motilal Oswal PE Advisors and Beacon India PE Fund are set to acquire 15% stake in the Delhi based CK Jaipuria Group, one of the bottling companies for PepsiCo’s products in India for about Rs 100-125 cr, valuing the bottler at Rs Rs 650-850 cr.
Th CK Jaipuria group is looking to utilize the funds to foray into foray into new sectors such as hospitality and restaurants.
The CK Jaipuria Group owns bottling plants in Andhra Pradesh, Delhi and Jammu & Kashmir, while Ravi Jaipuria’s RJ Corp is present in the north-east, western Uttar Pradesh, Rajasthan, Goa and West Bengal in the domestic market.
The Beacon India PE Fund is a $200 Mn growth capital PE fund sponsored by Baer Capital Partners. The Fund aims to invest $5-$25 Mn per investment with a preference for an initial investment between $10-$20 Mn. In Dec 2007, the fund had invested Rs 75 cr in Delhi's A2Z Maintenance.
Formed in 2006, Motilal Oswal PE Advisors manages two funds in the general and real estate space with a total corpus of $300 mn. Thefund has invested in companies including Dixon Technologies India Pvt Ltd and Parag Milk Foods Pvt Ltd among others.
