Proterra Investment Partners Agrees to Invest US$45 Million in Future Consumer Enterprise (Asia)

Source: Future Consumer Enterprise, Deal Street Asia  |  Author(s): Pramugdha Mamgain

Global asset management company Proterra Investment Partners, formerly known as Black River Asset Management, has agreed to invest US$45 million for a combination of compulsorily convertible debentures and equity shares in India-listed Future Consumer Enterprise, the food and consumer goods arm of Future Group. The transaction was structured through Black River Food Fund 2. Future Consumer plans to use the funds to finance expansion and business initiatives. The transaction is subject to customary closing conditions.