Prabhat Dairy has agreed to sell its dairy business to Tirumala Milk Products for Rs17bn ($238m).

Prabhat Dairy is an integrated milk and dairy products company, while Tirumala Milk Products is a subsidiary of the French dairy firm Lactalis.

Upon completion of the transaction, Prabhat Dairy will focus on its cattle feed business.

The transaction enables Prabhat Dairy to reach its long-term growth objectives and improve its balance sheet. The company also intends to enter the animal nutrition and genetics business.

Kotak Mahindra Capital Company is the exclusive financial advisor for the deal, while Veritas Legal is the legal advisor to Prabhat Dairy for the transaction.

Both the companies involved in the transaction are based in India.

Schooner Brewing and San Juan Seltzer have merged their operations.

The latest transaction is the result of a partnership that started in 2018 when Schooner began brewing and canning of San Juan Seltzer’s sparkling waters at its SoDo brewery.

Schooner’s restaurant was closed upon the completion of the transaction, which enables it to focus on craft beer and alcoholic sparkling water.

“Nomura Holdings and The Carlyle Group intend to acquire Orion Breweries.”

Schooner Brewing’s taproom will continue its operations and offer a range of craft beer, alcoholic sparkling water and bar snacks.

Schooner Brewing is a brewery, while San Juan Seltzer is a producer of alcoholic sparkling water.

Both the companies involved in the transaction are based in the US.

WhistlePig has sold its minority stake to BDT Capital Partners.

Established in 2008, WhistlePig is a producer of rye whiskey, while BDT Capital is a merchant bank. Both the companies involved in the transaction are based in the US.

BDT has funded the acquisition through a structured equity investment, which includes significant minority common equity stake.

The transaction enables WhistlePig to provide liquidity to all shareholders, including its original founder Raj Bhakta.

Rothschild & Co and Skadden, Arps, Slate, Meagher & Flom were the financial and legal advisors to WhistlePig, while Davis Polk & Wardwell was the legal advisor to BDT Capital Partners for the transaction.

Nomura Holdings and The Carlyle Group intend to acquire Orion Breweries.

Nomura Holdings is a financial holding company, while Orion Breweries is a beer brewery firm and Carlyle Group is a private equity firm based in the US.

Nomura and Orion Breweries are both based in Japan.