Goldman Sachs exits 22% stake in Cremica Foods to Motilal Oswal Private Equity
Motilal Oswal Private Equity Advisors has bought Goldman Sachs’ 22% stake in Indian investee Cremica Foods for $15 million – the same amount that Goldman spent for the investment in 2006, according to local reports citing figures close to the deal.
Cremica Group, which produces foods such as bread-based products and sauces and is distributed in places such as McDonald's and Pizza Hut, is worth approximately INR500 crore ($112.2 million). This investment...
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