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JSA acts on Indian leg of Hain Celestial sale of Tilda rice to Ebro

The Hain Celestial Group, Inc. (Nasdaq: HAIN) ..., a leading organic and natural products company with operations in North America, Europe, Asia and the Middle East providing consumers with A Healthier Way of Life™, today announced that it has completed the strategic sale of Tilda®, a premium basmati and specialty rice brand, to EBRO FOODS S.A. for a purchase price of $342 million in cash. The purchase price reflects an adjusted EBITDA multiple of 13.5x, based on estimated fiscal year 2019, which the Company will report on August 29, 2019. Hain Celestial expects to use a portion of the proceeds to pay down debt and is evaluating distribution alternatives for the remainder to maximize value to shareholders.


J Sagar Associates advised Hain Celestial Group led by partners Sidharrth Shankar and Prakriti Jaiswal, associates Srishti Moitra and Aman Bhatia; partner Vaibhav Choukse and senior associate Ela Bali advised on the competition law aspect.


Deal value: USD 342 million

Primary jurisdiction of deal: US

This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.

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