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ChrysCapital set to buy 90% stake in Theobroma
Hindustan Times Amritsar
|March 31, 2025
Homegrown private equity firm ChrysCapital is poised to acquire a controlling stake in bakery chain Theobroma Foods for ₹2,200-2,300 crore, two people aware of the development said.
MUMBAI: The deal will see the complete exit of ICICI Venture, which invested in the company in 2017.
Theobroma founder Kainaz Messman and family may retain around 10% stake in the 194-store bakery network, the people cited above said on the condition of anonymity. Messman, earlier a pastry chef at Oberoi Hotels, had founded the bakery chain as a single outlet in Mumbai's Colaba Causeway in 2004.
"The deal is likely to be signed in a fortnight. ChrysCapital will buy around 90% stake with an option to acquire more going forward," one of the people cited above said.
Cette histoire est tirée de l'édition March 31, 2025 de Hindustan Times Amritsar.
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