L Catterton in talks to acquire minority stake in restaurant chain Nandhana Palace

Consumer-focused private equity firm L Catterton is in talks to acquire a minority stake in Bengaluru-based restaurant chain Nandhana Palace .Founded in 2004 by Ravichandar Ramaswamy, Nandhana Palace operates 27 outlets across Bengaluru and Chennai, offering Andhra-style cuisine. The company has expanded its operations by managing multiple formats, ranging from fine dining to catering for indoor parties. It plans to use the fresh funds to scale operations across other Indian cities.