Khaitan & Co advises Trimex Foods on securing $40 million from Siguler Guff

Trimex Foods Private Limited has secured a $40 million investment, through a primary issuance of securities by Trimex to SG India Delta Holdings, LLC (a Siguler Guff entity), and secondary purchase of securities by SG from the promoters and existing shareholders of Trimex.

Khaitan & Co advised Trimex Foods, its promoters and existing shareholders on this transaction. The Firm assisted with undertaking a vendor legal due diligence of Trimex, and in drafting, negotiation and finalisation of the transaction documents.

The transaction team consisted of Bharat Anand (Senior Partner), Pashupati Nath (Partner), Abhiroop De (Counsel), Sakshi Duggal (Senior Associate), Swetank Neelabh (Senior Associate), Aryan Rautela (Associate) and Varun Madan (Associate) with assistance from the following:

Vendor legal due diligence of Trimex: The core team with assistance from Aastha Agarwallaa (Senior Associate) and Akhil Piyush (Associate);

Competition Law: Pranjal Prateek (Partner) and Armaan Gupta (Principal Associate).

Trimex Foods is involved in the business of setting up, operating and managing restaurants, cafes, bars, bakeries and kiosks in the food services and beverages sector for the global brands i.e. Chili’s Grill & Bar, Cinnabon, and PAUL.

This investment marks Trimex’s first institutional capital funding and aims to support the Company’s nationwide growth across India by expanding its current brand portfolio and integrating new international brands.

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