March 01 2012
Ladderup, a mid-market-focused and independently owned boutique investment bank, has invested an undisclosed amount in Mumbai-based Annapurna Pet Pvt Ltd to acquire 20 per cent stake in the company. The investment has been made through its proprietary fund and Ladderup has also taken a board seat.
Annapurna is setting up a project to manufacture 10,200 MT PET preforms in Umbergaon, near Vapi in Gujarat. PET preforms are used in packaged drinking water, beverages, edible oil and other food products, as well as in the pharmaceutical industry.
Ladderup focuses on seed capital and growth equity, and invests through its proprietary fund. In growth equity, it typically invests Rs 4-20 crore and targets the first round of external capital for a company – either going solo or opting for co-investment.
Its active portfolio includes more than half a dozen companies like fast food firm JumboKing Foods (2007), security firm Tops Group (2008), dairy firm Parag Milk Foods (2008) and supply chain firm Algorhythm Tech (2010).