The Rainmaker Group acted as the exclusive financial advisor to Parsons Nutritionals on its INR 700 crores fundraise from Lighthouse Funds and its co-investors including the International Finance Corporation (IFC), a member of the World Bank Group, Evolvence India, HDFC AMC's Fund of Funds, and other leading family offices.
Parsons Nutritionals, India's premier contract development and manufacturing organisation (CDMO) in the FMCG space, has raised INR 700 crores in a mix of primary and secondary funding. This is the Company’s first institutional equity round.
“It has been an absolute delight to work with TRMG on our fundraise process. Kunal, KP, Prateek, Jayati and Jyoti understood the complex nuances of the business as much as any one of us, and became an integral part of the larger team we have across locations. It was a long journey and we drew great comfort that we were in safe hands. TRMG team came with advice keeping the business sensitivities in mind. Their perseverance and a tight grip on the process ensured the best possible outcome for us.” said Swapandeep Mann, CEO, Parsons Nutritionals, on the transaction.
Kunal Bhardwaj, Partner at The Rainmaker Group, said, “Having spent almost two decades building consumer businesses in India, I am convinced that the next couple of decades are poised to witness stellar growth in our consumption story. This growth trajectory is being further bolstered by strong regulatory tailwinds in the manufacturing sector. Large $bn global brands are entering India to ride this consumption tsunami while outsourcing non-core manufacturing operations. Existing brands are rushing to set-up larger facilities closer to their target markets on the back of strong regulatory tailwinds in the manufacturing sector. This will drive substantial investments into capacity additions and present significant consolidation opportunities within the manufacturing space.
Parsons Nutritionals, one of India’s most admired CDMOs in the consumer space, is a natural partner of choice for iconic global and Indian brands betting big on the India growth story. With a pan-India presence, unmatched execution skills and capabilities across multiple categories, Parsons is the most secular bet in the derivative space of the India consumption opportunity."
About Parsons Nutritionals
Founded in 2002 by Mr. S.S. Mann, Parsons Nutritionals is India's premier CDMO in the FMCG space. With multiple state-of-the-art manufacturing facilities present pan-India, Parsons is the preferred partner of choice for the most valuable consumer brands in India, as well as marquee global brands entering the Indian markets.With a rich legacy spanning over two decades, Parsons has built a strong reputation on the back of industry leading project execution skills and operation excellence. It manufactures products across multiple categories including biscuits, personal care, malt beverages, chocolate & confectionary and condiments amongst others.
About The Rainmaker Group
The Rainmaker Group is the investment banking partner of choice for India’s private businesses as they traverse their fundraising journey - from their first growth round to pre-IPO. The firm has delivered growth equity and secondary transaction milestones for over a dozen unicorns, soonicorns, and now-listed businesses.
The firm’s ‘rainmakers’ pride themselves on a founder-like mindset and a proprietary execution process that has delivered industry-leading closure rate and client retention. The Rainmaker Group’s relationship with global investors is underpinned by thoughtful client selection and an insight-driven approach to dealmaking.
To know more about The Rainmaker Group, get in touch with Dhwani Mehta
Dhwani Mehta - dhwani.mehta@trmg.in
