GBFPL to get Rs 315cr equity from Goldman Sachs, Mitsui Global

Investment banker Goldman Sachs along with Mitsui Global Investment and others will invest Rs 315 crore in Global Beverages & Foods Pvt Ltd.
GBFPL has been founded by A Mahendran in partnership with Goldman Sachs and Mitsui Global Investment.
Mahendran has over 25 years of experience in the FMCG sector and helped build iconic brands like Good Knight and HIT. He had joined Godrej Group in 1994 as a professional entrepreneur when the group acquired Transelektra. He brought in Sara Lee in 1995 to form a JV with Godrej, which he forged and headed till 2009.
The company has secured equity commitment of Rs 315 crore from the international investors for its FMCG business and the investment will be used to build a FMCG platform in India, said GBFPL in a statement.

Mahendran said: "I am keen to partner with Goldman Sachs and MGI as both are leaders in their fields and bring a unique global perspective, coupled with extensive experience investing in India. Starting this venture with them will enable us to launch new products for the ever-developing Indian consumer."
Goldman Sachs Co-Head of private equity in Asia Ankur Sahu said: "Leveraging our global expertise and relationships, we are excited to now partner with Mahendran and MGI to build a large, high-quality consumer-oriented company in India.