Trilegal, Lexygen help DSG VC sell $6m food processing stake to AB-InBev family investment fund

Friday, 14 October 2016 By Legally India Private equity / VC

VC firm DSG Consumer Partners has made a partial exit in food processing industry company Veeba Fine Foods (founded in 1983, making sauces, dips, emulsions and dessert toppings) to Brussels-headquartered Verlinvest Asia, which was created by several families of the Anheuser-Busch InBev empire to make investments in the food and beverage space.

“Specialty food ingredients maker Veeba Food Services Pvt. Ltd said on Friday it has raised $6 million (around Rs 40 crore) in its Series B funding round led by its existing investor Saama Capital and new investor Verlinvest, a private Belgian family investment company,” according to VCCircle.

Trilegal partner Kunal Chandra and associate Abhipsita Kundu acted for DSG Consumer Partners.

Verlinvest Asia was represented by Bangalore-based firm Lexygen, led by partner Vijay Sambamurthi, senior associate Vishnu Chandran and associate Vishal Achanta.

The deal closed on 7 October 2016.

TrilegalLexygen

Comments

JSA 15 Oct 2016, 05:51
+4 -0
But we all thought AB INbev and related entities were all JSA's client?
Bakwaas 16 Oct 2016, 13:14
+5 -0
And we also thought that Luthra did all the Ab InBev related work in India including advising their India venture. More power to you Trilegal - show em who is the boss.
Guest 17 Oct 2016, 03:45
+0 -0
I think the article says Trilegal acted for DSG Consumer Partners.
Saama 16 Oct 2016, 10:02
+0 -0
Saama hai suhana. Congratulations to all involved in the deal.
Kuda maal 16 Oct 2016, 17:26
+0 -0
Deal value?
kianganz 17 Oct 2016, 07:48
+0 -0
Have updated - at the time of publication it hadn't been covered elsewhere yet - $6m, according to VCCircle.
Corp Corp 17 Oct 2016, 07:06
+1 -0
Woohoo Abhipsita, good going !!
Lion Cub 23 Oct 2016, 05:26
+2 -0
Congratulations to Lexygen for acting for Ab InBev!
Commenting is closed for this article.