News on Medial

PE firm drops out of Theobroma race as talks hit a valuation wall

VCCircle · 5m

A private equity firm withdrew from acquiring a stake in Theobroma Foods Pvt. Ltd after failing to agree on the bakery chain's desired valuation. Theobroma, along with its current PE backer ICICI Venture, had been in talks with various investors. The valuation disagreement led to the withdrawal of this potential investor, impacting the ongoing discussions around the stake sale. This development highlights valuation challenges in investment negotiations.