About the deal

Akay announced its 100% sale to Oterra, the largest provider of naturally sourced colours worldwide, backed by EQT Private Equity Group.

Investec acted as the Exclusive Financial Advisor to Akay Natural Ingredients Private Limited and its shareholders.

About Akay

Established in 1995, Akay Natural Ingredients Private Limited (“Akay”) is a leading player in the natural colours and nutraceutical ingredients space in India catering to the F&B (Food and Beverage) and nutraceuticals markets globally. Its product range includes natural colours and flavours, nutraceutical and dietary supplement ingredients, spices and seasonings.