Kati Patang to take 10% of New Zealand's Gimme NZ in share swap
What's the deal? Mumbai-listed Kati Patang LifestyleDealroom has a profile for this one. Try Dealroom → will acquire a 10% equity stake in New Zealand's Bread Private LimitedDealroom has a profile for this one. Try Dealroom →, known as Gimme NZDealroom has a profile for this one. Try Dealroom →, through a share swap. Its board approved the deal on October 8, 2026; the value was not disclosed.
What each side does: Christchurch-based Bread, incorporated in June 2017, runs food delivery and markets premium liquor and related products. Kati Patang is pushing into the food and premium liquor delivery sector.
By the numbers: Bread reported turnover of $105,945 in FY2023-24, rising to $156,293 in FY2024-25 and $272,333 in FY2025-26. It holds paid-up share capital of $75,000.
Why the deal? Kati Patang frames the stake as part of a growth strategy built on expansion, diversification, and market strengthening. It expects "synergistic benefits" and sharper competitiveness across its offerings.
What happens next? The acquisition hinges on valuation reports and conditions set out in the transaction documents. Kati Patang expects to close within four months of signing the definitive agreement, with share terms fixed at or before signing.
The signal: A minority, equity-for-equity swap lets Kati Patang gain a foothold in a fast-growing overseas delivery business without cash outlay — a low-risk route to cross-border expansion as Bread's revenue more than doubled over two years.
Read more: freepressjournal.in
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