Multiples Private Equity Fund has acquired 50 per cent stake in Bangalore-based agri processing equipment maker Milltec Machinery Pvt Ltd for Rs. 250 crore ($43 million)..Multiples PE has acquired the stake from some of the promoters, who will exit with this transaction..J. Sagar Associates advised Milltec and the continuing promoters with a team led by Partners Sajai Singh and Gerald Manoharan along with Senior Associate Prashant Kumar and Associate Roy George..Khaitan & Co advised Multiples PE with a team led by Bangalore Partner Ganesh Prasad..Dua Associates advised the outgoing shareholders with Partner Srinivas BR..In a separate transaction, JSA also advised the Milltec Group and the continuing promoters with respect to availing a debt of Rs. 35 crore from L&T Finance Limited.
Multiples Private Equity Fund has acquired 50 per cent stake in Bangalore-based agri processing equipment maker Milltec Machinery Pvt Ltd for Rs. 250 crore ($43 million)..Multiples PE has acquired the stake from some of the promoters, who will exit with this transaction..J. Sagar Associates advised Milltec and the continuing promoters with a team led by Partners Sajai Singh and Gerald Manoharan along with Senior Associate Prashant Kumar and Associate Roy George..Khaitan & Co advised Multiples PE with a team led by Bangalore Partner Ganesh Prasad..Dua Associates advised the outgoing shareholders with Partner Srinivas BR..In a separate transaction, JSA also advised the Milltec Group and the continuing promoters with respect to availing a debt of Rs. 35 crore from L&T Finance Limited.
