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Lighthouse Funds injects ₹700 crore into FMCG contract manufacturer Parsons Nutritionals

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Lighthouse Funds invests ₹700 crore in FMCG contract manufacturer Parsons Nutritionals

In a significant move, private equity fund Lighthouse Funds has made a massive investment of ₹700 crore in Parsons Nutritionals, a prominent contract manufacturer specializing in packaged foods, beverages, and personal care products. The investment round also saw participation from co-investors of Lighthouse, including the International Finance Corporation (IFC), Evolvence India, HDFC AMC’s Fund of Funds, and various family offices. Parsons Nutritionals, founded in 2002 by S.S. Mann, serves as a third-party contract manufacturer for major FMCG companies and has now received its maiden round of external funding from a private equity investor.

Parsons Nutritionals caters to renowned FMCG companies like Mondelez, Hindustan Unilever Ltd, Britannia Industries, and General Mills, offering a diverse range of products from cookies, biscuits, chocolates, confectionery, malted beverages, to personal care items like shampoos and soaps. With multiple manufacturing facilities across five states, the investment from Lighthouse will be utilized to expand manufacturing capacities in existing and new product categories to meet the demands of current and future clients.

Lighthouse Funds, known for its investments in the consumer and healthcare sectors, views the investment in Parsons Nutritionals as a strategic move aligned with the increasing trend of consumer goods companies outsourcing manufacturing to third-party producers. As consumption and outsourcing patterns continue to evolve, Parsons is well-positioned to benefit from this growing demand for packaged goods. This investment marks Lighthouse’s third investment from its $425 million Lighthouse India Fund IV and adds to its diverse portfolio of companies in the consumer brands, healthcare, and specialty manufacturing sectors.

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