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Khaitan & Khaitan, CAM on $15m Rabo funding in Cremica

Khaitan & Khaitan advised Cremica Food Industries on Rabo Equity Advisors' Rs 100 crore ($15m) investment in Cremica. Rabo was advised by Cyril Amarchand Mangaldas.

Khaitan partners Ashutosh Khaitan and Kanishk Vardhan Shahi, senior associate Pravriti Chauhan and associate Prakriti Gupta acted for Cremica.

CAM partner Rishi Anand acted for Rabo.

“This is Cremica Food Industries’ first round of funding, following the split of a well-regarded, family-held business of three brothers—Mrs. Bector’s Food Specialties Ltd is run by the eldest and youngest of three brothers, Ajay and Anup Bector, respectively; and Cremica Foods is run by Akshay Bector,” reported Mint.

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