Grant Thornton advises India Hospitality Corporation

This cross-border transaction saw IHC acquire a leading independent food-to-go business to further its development into the UK market. The Adelie Food Group’s principal products are sandwiches, wraps, salads and prepared fruit sold to the food services and retail sectors.

India based IHC acquire and successfully operate businesses or assets in the food, hospitality, leisure, tourism, travel and related industries, including but not limited to hotels, resorts, timeshares, serviced apartments and restaurants.

The transaction provides an exit for the outgoing shareholders including a private equity investor and sees IHC take ownership of a business with a number of blue chip customers. The financial strength of the new group added to the scale of its operations will create competitive advantage and will benefit the business, employees and customers alike.

We delivered comprehensive multi-disciplinary services to IHC including, origination, M&A, due diligence, transaction tax and capital markets advisory that highlights our ability to offer clients a bespoke service offering which is tailored to individual needs.