Private Equity Fund Investments
KFC franchisee Sapphire Foods raises Rs.1,150-Cr from Creador, NewQuest, TR Capital
Mumbai-based Sapphire Foods India Ltd has raised INR 1,150 crore from a consortium of private equity funds led by Creador, NewQuest Capital Partners and TR Capital. The investment round included secondary stake sale from existing investors as well as primary investments. Avendus Capital acted as the exclusive financial advisor to Sapphire Foods and its shareholders on the transaction. Sapphire Foods is one of the largest franchise operators of YUM! Brands in South Asia and operates 437 restaurants of KFC, Pizza Hut and Taco Bell in India, Sri Lanka, and Maldives, as on March 31, 2021.
From the Venture Intelligence PE-VC Deal Database: Bet 2015 and 2018, Sapphire Foods had raised almost $140-M from Samara Capital, Goldman Sachs, IDI Emerging Markets, CX Partners and Edelweiss PE. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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