Acquisition of Fun Foods Group by Dr Oetker Group

DATE
December 2008

TRANSACTION TYPE
Corporate Acquisition

VALUE
£ Undisclosed

SECTOR
Food & Beverage

Spayne Lindsay TP advises Dr. Oetker on the acquisition of the Fun Foods Group in India Spayne Lindsay TP is delighted to announce its first Indian cross-border transaction, having advised Dr. Oetker on the acquisition of the Fun Foods Group (“Fun Foods”) for an undisclosed amount.

Fun Foods is a leading branded producer and marketer of Westernised ambient products in the Indian market. Its product range includes mayonnaise, spreads, dips, sauces and sweet syrups. The business has grown rapidly in the Indian market through the expansion of its distribution platform as well its superior product innovation. Fun Foods is well positioned to take advantage of the increasingly Westernised eating patterns of the Indian consumer and the growth of the emerging middle class.

Dr. Oetker is one of Germany’s leading privately-owned diversified industrial groups, with strong positions in its core business-areas across Europe. Within the food industry, Dr. Oetker has developed market leading positions in pizzas, bakery ingredients, yoghurts and desserts. The acquisition of Fun Foods will provide a strong platform for expansion into India, and is consistent with Dr. Oetker’s strategy of pursuing growth in rapidly developing markets.

This represents an important deal for Spayne Lindsay as it develops an Indian crossborder advisory business trading as Spayne Lindsay TP (“SLTP”). SLTP is focused specifically on advising overseas companies on acquisitions in the Indian market as well as Indian companies seeking to acquire businesses in Europe. SLTP includes experienced Indian bankers based both in London and Mumbai.

Nanda Menon, Managing Director of SLTP, said:

“We are delighted to have completed such an important acquisition for Dr. Oetker. The deal demonstrates SLTP’s strong cross-border advisory capabilities for transactions involving an Indian angle, whilst at the same time leveraging Spayne Lindsay’s international expertise in the consumer sector.”