Apax invests over Rs 1,500 cr in iD Fresh Food

Apax Partners Takes Significant Minority Stake in iD Fresh Food to Fuel Expansion

iD Fresh Food, the Bengaluru-based ready-to-cook food company, has received a strategic investment from funds advised by Apax Partners LLP, marking one of the largest recent private equity deals in India’s packaged foods sector. The Apax funds will acquire a significant minority stake from existing shareholders Premji Invest and TPG NewQuest, both of which will continue as investors, while co-founder and CEO PC Musthafa and his family will retai…

Apax invests over Rs 1,500 cr in iD Fresh Food

Mumbai, Jan 5 (PTI) Global private equity major Apax Partners has invested over Rs 1,500 crore in Bengaluru-based iD Fresh Foods for a significant minority stake, officials said on Monday. Funds advised by Apax Partners have picked up over 35 per cent in the company, they said, adding that the stake has been bought from existing shareholders Premji Invest and TPG NewQuest. The selling stakeholders will remain investors alongside the company's co…