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Economic Times
3 days ago
- Business
- Economic Times
ChrysCapital gets CCI nod to acquire majority stake in bakery chain Theobroma
Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Fair trade regulator Competition Commission on Tuesday cleared homegrown private equity major ChrysCapital 's proposal to acquire a majority stake in Mumbai-based bakery chain ChrysCapital is acquiring the stake in Theobroma through its affiliates, Infinity Partners, Aqua Investments Ltd and Atreides Investments BV."The proposed combination relates to the acquisition of certain equity shareholding of Theobroma Foods Pvt Ltd (Theobroma) by Infinity Partners, Aqua Investments Limited and Atreides Investments BV," the Competition Commission of India (CCI) said in a is engaged in the business of manufacturing and sale of bakery and confectionery products, food and beverages through its patisseries and stores present in over 30 cities in India and via its online platform and other online sales channels."CCI approves acquisition of certain equity shareholding of Theobroma Foods Pvt Ltd by Infinity Partners, Aqua Investments Ltd and Atreides Investments BV," the regulator said in a post on to reports, ChrysCapital is set to acquire a 90 per cent stake in Theobroma Foods for an estimated Rs 2,410 signed a deal to acquire a majority stake in Theobroma from its promoters and the current existing investor ICICI Venture , as per reports. However, the founders will retain around 10 per cent holding in the Venture owns nearly a 42 per cent stake in Theobroma. It had invested nearly USD 20 million in was founded in 2004 by sisters Kainaz Messman Harchandrai and Tina Messman beyond a certain threshold require approval from the regulator, which keeps a tab on unfair business practices as well as promotes fair competition in the marketplace.
Time of India
3 days ago
- Business
- Time of India
ChrysCapital gets CCI nod to acquire majority stake in bakery chain Theobroma
Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Fair trade regulator Competition Commission on Tuesday cleared homegrown private equity major ChrysCapital 's proposal to acquire a majority stake in Mumbai-based bakery chain ChrysCapital is acquiring the stake in Theobroma through its affiliates, Infinity Partners, Aqua Investments Ltd and Atreides Investments BV."The proposed combination relates to the acquisition of certain equity shareholding of Theobroma Foods Pvt Ltd (Theobroma) by Infinity Partners, Aqua Investments Limited and Atreides Investments BV," the Competition Commission of India (CCI) said in a is engaged in the business of manufacturing and sale of bakery and confectionery products, food and beverages through its patisseries and stores present in over 30 cities in India and via its online platform and other online sales channels."CCI approves acquisition of certain equity shareholding of Theobroma Foods Pvt Ltd by Infinity Partners, Aqua Investments Ltd and Atreides Investments BV," the regulator said in a post on to reports, ChrysCapital is set to acquire a 90 per cent stake in Theobroma Foods for an estimated Rs 2,410 signed a deal to acquire a majority stake in Theobroma from its promoters and the current existing investor ICICI Venture , as per reports. However, the founders will retain around 10 per cent holding in the Venture owns nearly a 42 per cent stake in Theobroma. It had invested nearly USD 20 million in was founded in 2004 by sisters Kainaz Messman Harchandrai and Tina Messman beyond a certain threshold require approval from the regulator, which keeps a tab on unfair business practices as well as promotes fair competition in the marketplace.
News18
3 days ago
- Business
- News18
ChrysCapital gets CCI nod to acquire majority stake in bakery chain Theobroma
New Delhi, Aug 5 (PTI) Fair trade regulator Competition Commission on Tuesday cleared homegrown private equity major ChrysCapital's proposal to acquire a majority stake in Mumbai-based bakery chain Theobroma. ChrysCapital is acquiring the stake in Theobroma through its affiliates, Infinity Partners, Aqua Investments Ltd and Atreides Investments BV. 'The proposed combination relates to the acquisition of certain equity shareholding of Theobroma Foods Pvt Ltd (Theobroma) by Infinity Partners, Aqua Investments Limited and Atreides Investments BV," the Competition Commission of India (CCI) said in a release. Theobroma is engaged in the business of manufacturing and sale of bakery and confectionery products, food and beverages through its patisseries and stores present in over 30 cities in India and via its online platform and other online sales channels. 'CCI approves acquisition of certain equity shareholding of Theobroma Foods Pvt Ltd by Infinity Partners, Aqua Investments Ltd and Atreides Investments BV," the regulator said in a post on X. According to reports, ChrysCapital is set to acquire a 90 per cent stake in Theobroma Foods for an estimated Rs 2,410 crore. ChrysCapital signed a deal to acquire a majority stake in Theobroma from its promoters and the current existing investor ICICI Venture, as per reports. However, the founders will retain around 10 per cent holding in the company. ICICI Venture owns nearly a 42 per cent stake in Theobroma. It had invested nearly USD 20 million in 2017. Theobroma was founded in 2004 by sisters Kainaz Messman Harchandrai and Tina Messman Wykes. Deals beyond a certain threshold require approval from the regulator, which keeps a tab on unfair business practices as well as promotes fair competition in the marketplace. PTI HG MR view comments First Published: August 05, 2025, 19:45 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
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Business Standard
16-07-2025
- Business
- Business Standard
Theobroma set for ownership change as ChrysCapital nears 90% stake buy
Three private equity firms — Aqua Investments Ltd, Infinity Partners, and Atreides Investments BV — have approached the Competition Commission of India (CCI) to acquire a stake in Mumbai-based bakery chain Theobroma Foods, according to a PTI report. Infinity Partners and Atreides Investments are affiliated with ChrysCapital. The development comes amid reports that ChrysCapital is set to acquire a 90 per cent stake in Theobroma for approximately ₹2,410 crore. The deal involves purchasing shares from both the company's promoters and current investor ICICI Venture. However, the founding family is expected to retain a 10 per cent stake post-transaction. Theobroma stake sale: Details of CCI filing In their submission to the CCI, the three firms stated: 'The proposed transaction pertains to the acquisition by the acquirers (Aqua Investments Ltd, Infinity Partners, and Atreides Investments BV) collectively, of certain equity shareholding of Theobroma.' Theobroma operates in the bakery and confectionery segment, offering products through patisseries and retail outlets across more than 30 Indian cities. It also distributes via its online platform and through third-party e-commerce channels. The applicants noted that there is no direct operational overlap between their existing businesses and Theobroma. 'The parties... do not have any direct horizontal overlaps, vertical or complementary relationships. One of the affiliates of the group to which the acquirers belong is engaged in the market for the provision of logistics services in India,' the filing said. ICICI Venture's exit ICICI Venture, which invested around $20 million in Theobroma in 2017, currently owns close to 42 per cent of the company. The current deal will result in its full exit from the business. Theobroma was founded in Mumbai in 2004 by Kainaz Messman, a former pastry chef at Oberoi Hotels. It began as a single-store bakery and has since grown into a nationwide chain of 194 outlets known for its signature brownies, cookies, crackers, pastries, and sandwiches. Before the Covid-19 pandemic, Theobroma operated just 50 stores, primarily in Mumbai and Delhi. Since then, it has significantly scaled its presence across cities such as Pune, Hyderabad, Bengaluru, Chandigarh-Mohali, Chennai, and Surat.
