In a high-stakes showdown, Bain Capital and Blackstone vie for control of Haldiram Snacks Food Pvt Ltd, with bids soaring to an unprecedented $8-8.5 billion. The battle for this beloved snacks giant could mark India’s largest private equity acquisition.
Haldiram, the venerable 87-year-old snack and convenience foods enterprise, finds itself at the heart of a fierce ownership tussle. On one side, Bain Capital and Singapore’s Temasek have joined forces, submitting a non-binding offer valuing Haldiram at an impressive $8-8.5 billion. Their bid underscores Haldiram’s dominant position in India’s snack market.
Meanwhile, Blackstone, in partnership with the Abu Dhabi Investment Authority (ADIA) and Singapore’s GIC, aims to secure up to 76 percent ownership. Bain’s limited partners, ADIA and GIC, add further complexity to the global investment landscape.
Should either consortium succeed, it would mark a historic milestone—the largest private equity deal ever in India. As the battle intensifies, Haldiram’s fate hangs in the balance, with investors eagerly awaiting the final outcome .
Conclusion: The bidding war for Haldiram reflects the immense value placed on this iconic Indian brand, and its future ownership will shape the landscape of India’s snack industry. 🌟
