Restaurant Brands Asia, earlier known as Burger King India Ltd, was incorporated in 2013 as a result of a partnership between Everstone Capital and Burger King Worldwide to bolster the fast-food chain’s presence in India.
Private equity firm Everstone Capital is reportedly considering selling its stake worth $314 Mn in NSE-listed Restaurant Brands Asia, the master franchisee of Burger King in India and Indonesia. The Singapore-headquartered buyout firm is already in talks with one adviser to explore the potential sale, sources said.
Everstone Capital, through its investment vehicle QSR Asia Pte Ltd, holds a 40.9% stake in Restaurant Brands Asia, sources said. It is pertinent to note that the development of the potential sale comes when consumer spending has started rebounding in India and other Southeast Asian countries after the easing of coronavirus restrictions.
Restaurant Brands Asia, earlier known as Burger King India Ltd, was incorporated in 2013 as a result of a partnership between Everstone Capital and Burger King Worldwide to bolster the fast-food chain’s presence in India.
Ayush Singh
