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.
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.)
Want to receive such news items in your inbox? Click Here to sign up for a trial.
