FMCG firm Godrej Consumer Products Ltd has increased its stake from 51% to 90% in DGH Phase Two Mauritius, which owns Kenya’s Style Industries for an undisclosed amount..Trilegal advised Godrej with a team led by Partner Kunal Chandra along with Senior Associate Anjali Menon-Malhotra and Associates Aditi Jain and Rahil Pereira..Dechert LLP, London acted for the seller, HKG Africa Weave Limited with a team led by Partner Simon Briggs and Senior Associate Mike Jarrett, Senior Associate..The company has been acquiring brands, especially in the African continent, mostly targeting local firms in emerging markets. It acquired a 51% stake in Darling South Africa in September 2011 and Darling Mozambique in October 2011, according to Mint.
FMCG firm Godrej Consumer Products Ltd has increased its stake from 51% to 90% in DGH Phase Two Mauritius, which owns Kenya’s Style Industries for an undisclosed amount..Trilegal advised Godrej with a team led by Partner Kunal Chandra along with Senior Associate Anjali Menon-Malhotra and Associates Aditi Jain and Rahil Pereira..Dechert LLP, London acted for the seller, HKG Africa Weave Limited with a team led by Partner Simon Briggs and Senior Associate Mike Jarrett, Senior Associate..The company has been acquiring brands, especially in the African continent, mostly targeting local firms in emerging markets. It acquired a 51% stake in Darling South Africa in September 2011 and Darling Mozambique in October 2011, according to Mint.
