Law firm Stephenson Harwood LLP has advised Premji Invest and TPG NewQuest on their partial exit from iD Fresh Foods (India) Private Limited.
The deal saw Apax Partners acquire an approximately 35% stake in iD Fresh Foods through a combination of secondary share purchases and a primary investment, with a total deal value of approximately US$185 million, marking a significant transaction in the region’s food and beverage sector.
Stephenson Harwood acted as Middle East counsel. The firm conducted vendor due diligence on all iD Fresh Foods Middle East entities and advised on all GCC aspects of the transaction.
“This transaction is a testament to our deep expertise in navigating complex, cross-border matters across the GCC and beyond. It highlights our ability to work seamlessly with leading Indian law firms to deliver integrated, multi-jurisdictional advice and add real value on all Middle East aspects of a deal,” said Partner Diwakar Agarwal.
Corporate Partner Diwakar Agarwal led the Stephenson Harwood team, supported by Associates Suditi Surana and Renee Freeman, Legal Analyst Hasna Ouerchfani and Paralegal Jeevni Sharma. Partner Emily Aryeetey and Associate Emily Daly advised on the employment aspects of the transaction.
