HyFun Foods has raised INR 1,500 crore (USD 173 million) from Davidson Kempner to support expansion plans and strengthen its financial position.
HyFun Foods raises USD 173 million from Davidson Kempner
HyFun Foods has raised INR 1,500 crore (USD 173 million) from global investment firm Davidson Kempner through a structured credit transaction, providing additional capital to support expansion plans and strengthen its balance sheet.
The Gujarat-based company manufactures frozen potato products, including French fries, hash browns, burger patties and other ready-to-cook snacks, supplying restaurants, hotels and quick-service restaurant chains.
Funding to support growth
The debt facility has a four-year tenure, while EY acted as the exclusive adviser to HyFun Foods on the fundraising. The company is also expected to explore an initial public offering in about two years.
Expanding frozen potato operations
HyFun Foods is one of India's major frozen potato processors. Its product portfolio includes French fries, hash browns, burger patties and other ready-to-cook products supplied to foodservice customers.
The new financing is expected to support the company's ongoing expansion plans and reinforce its financial position.
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