India Value Fund Advisors to Invest US$40 Million in Spice Company VKL Seasoning (Asia)

Source: VCCircle  |  Author: Madhav Chanchani

India Value Fund Advisors (IVFA), which focuses on investing in mid-sized businesses, is investing US$40 million in Vallabhdas Kanji Limited (VKL Seasoning), an India-based processor of spices and spice ingredients. The deal, which involves both a primary capital infusion and a secondary share sale, marks an exit for Ascent India Fund, managed by Ascent Capital Advisors.