Private Equity PE Fund Investments
Samara takes control of Paradise Food Court for $75-M: report
Samara Capital has taken control of Hyderabad-based Paradise Food Court, acquiring most of the 51% stake held by the promoters in the restaurant chain known for its iconic biryani. Samara, which already held a 49% stake, has invested about USD 75 million (INR 560 crore) to acquire the stake from promoters and as fresh capital in the company.
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From the Venture Intelligence PE-VC Deal Database: In May-14, Paradise Food Court raised $37-M from Samara Capital. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)