Tilaknagar Industries to Acquire Imperial Blue Business Division from Pernod Ricard India for € 412.6 Million

Tilaknagar Industries Limited has agreed to acquire the Imperial Blue business division from Pernod Ricard India Private Limited for a lump sum consideration of € 412.6 million. The acquisition includes the Imperial Blue brand, two owned units, and services from co-manufacturing bottlers across India. Imperial Blue is the third largest whisky brand in India by volume. The proposed transaction is expected to be completed in about 6 months, subject to approval from the Competition Commission of India. Tilaknagar Industries will finance the transaction through a mix of debt and equity. Deutsche Bank and Avendus Capital are acting as financial advisors, with Avendus Capital also serving as the exclusive financing arranger. Crawford Bayley & Co. and W.S. Kane & Co. are acting as legal counsels, and Deloitte is serving as the diligence advisor to Tilaknagar Industries.