TPG Capital and Carlyle Group are mulling to acquire a minority stake in India-based distiller Allied Blenders and Distillers (ABD) for $100m.
ABD currently has around 38 manufacturing / bottling plants across 19 states with 14 sales offices throughout the nation.
It sells products under various brands such as Officers Choice whiskey, Grain Vodka, Class 21, Jolly Roger and Wodka Gorbatschow.
About 95% of ABD's stake is currently owned by the company's owner Kishore Chhabria, while the remaining 5% is owned by the company's CEO Deepak Roy.
India-based investment bank Ambit Holdings is playing an advisory role for the transaction.
ABD had recently acquired Wales Distilleries in order to boost its production and expand is footprint in Bengal, which is among the top five markets in the country.
ABD also plans to form a JV company with Tilaknagar Industries.
ABD currently has around 38 manufacturing / bottling plants across 19 states with 14 sales offices throughout the nation.
It sells products under various brands such as Officers Choice whiskey, Grain Vodka, Class 21, Jolly Roger and Wodka Gorbatschow.
About 95% of ABD's stake is currently owned by the company's owner Kishore Chhabria, while the remaining 5% is owned by the company's CEO Deepak Roy.
India-based investment bank Ambit Holdings is playing an advisory role for the transaction.
ABD had recently acquired Wales Distilleries in order to boost its production and expand is footprint in Bengal, which is among the top five markets in the country.
ABD also plans to form a JV company with Tilaknagar Industries.
