India Agri Business Fund II (IABF-II), co-sponsored by Rabobank, the UK’s CDC Group and Asian Development Bank, has invested $10 million in frozen food products exporter Global Gourmet Pvt. Ltd for a minority stake, top company officials said.
Established in 2008, Global Gourmet exports to the UK, European Union, US and Australia. It supplies its products to retailers such as Tesco, Amul, McCain, Sumeru and MTR Foods, according to the company website. Rabo Equity Advisors, a private equity firm backed by Dutch financial services provider Rabobank, is the investment advisor for IABF-II. It also advises IABF-I.