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Hector Beverages IPO Prep: PE Firms Eye Stake
26 Oct
Summary
- PE firms 360 ONE and TR Capital may buy stake.
- Existing investors A91 Partners and Sofina may exit.
- IPO is planned for 2027 to consolidate shareholding.
Private equity firms 360 ONE and TR Capital are reportedly in talks to acquire a 20-22% stake in Hector Beverages, valued at approximately ₹2,700-3,000 crore. This transaction involves early investors looking to divest their holdings.
Existing shareholders like A91 Partners and Sofina are contemplating partial exits, while other early backers such as Sequoia Capital and Footprint Ventures are considering selling their entire stakes. This secondary stake sale is intended to streamline Hector Beverages' capitalization table and consolidate ownership among key investors.
The consolidation efforts are strategically planned to precede Hector Beverages' initial public offering, which is anticipated in 2027. Avendus Capital is advising on this transaction, which involves multiple early investors seeking to exit their positions.
