Deal Alert: Kalaari Capital invests in bakery chain Ovenfresh

Kalaari Capital, via Kalaari Capital Partners II LLC, has invested in Chennai-based Ubiquitous Foods Pvt Ltd which operates the Ovenfresh bakery chain. A Vichar Partners team led by Aarthi Sivanandh (Partner) and including Lavanya Krithivasan (Associate) provided legal advice to Ubiquitous on the documentation for the transaction and assisted on the negotiation of the transaction terms.

Ubiquitous currently runs six outlets in Chennai, according to its web site. Rajesh Raju and Sampathkumar Pudhukottai of Kaalari have joined the company's board, regulatory filings reveal. The company was incorporated in November 2007 with Rajiv Subramanian and Indra Subramanian as its founding directors.

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PE-VC investments decline 8% to $6.2 B in Q1'24

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