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Everstone Capital to sell Burger King India franchise: report
InterGlobe is said to be in advanced discussions with the firm.
Singapore-based private equity firm Everstone Capital is reportedly planning to sell its Burger King India franchise.
The Economic Times first reported that Rahul Bhatia-controlled InterGlobe is in “advanced discussions” to acquire burger chain’s franchise in India for about Rs 1,400 crore (approx. US$200m).
Specifically, the franchise rights for the fast food chain are held by Everstone’s QSR Asia Pte, a holding company for its restaurant investments in the region.
Everstone has managed Burger King India since 2013, along with the Coffee Bean & Tea Leaf, Copper Chimney, Bombay Blue and Noodle Bar brands in India.
QSR Media has sought Everstone for comment.
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