Oterra acquires Akay Natural Ingredients

Investec advised Akay Natural Ingredients on its Sale to Oterra

Investec India acted as the Exclusive Financial Advisor to Akay Natural Ingredients Private Limited (“Akay”) and its shareholders, Koshy Family and Asian Development Bank (“ADB”) on 100% sale of Akay to Oterra, the largest provider of naturally sourced colors worldwide, backed by EQT Private Equity Group.

Investec's role:

Investec leveraged its experience and understanding of the Ingredients space, to position Akay, and its business, appropriately to Investors
Investec ran an auction process, reaching out to multiple Strategics and Financial buyers globally, showcasing our reach and access capabilities, in effect ensuring an efficient competitive process and maximization of value for our clients
Investec "handheld end to end execution" to deliver the transaction to the Shareholders
Investec ensured seamless co-ordination between the Sellers, Akay, the Incoming Investor and their advisors at every stage of the transaction

About Akay:

Established in 1995, Akay is a leading player in the natural colors and nutraceutical ingredients space in India catering to the F&B (Food and Beverage) and nutraceuticals market globally. Its product range includes natural colors and flavors, nutraceutical and dietary supplement ingredients, spices and seasonings.

Client feedback:

“When it comes to M&A deals, having an investment banker who can guide you through the ebbs and flows of the process, makes a significant difference. Many congratulations and thanks to Vikram Surana, Archana Makhija and team for hand holding the deal process effectively.

Your comprehensive detailed work right from positioning our business to negotiating the transaction, has contributed in delivering the right desired results to all the stakeholders in the deal. Looking forward to associating more in the future as well."
- Dr. Balu Maliakel, Managing Director, Akay

“Akay is a strategic powerhouse in the food ingredients industry and their innovation focus and the expertise the employees bring will be strong additions to Oterra. I look forward to not only offering Oterra’s customers a strengthened natural colors portfolio, but also having the opportunity to open the industry’s most comprehensive portfolio up to Akay’s existing customers”
- Odd Erik Hansen, CEO, Oterra