Everstone to sell minority stake in Burger King India
The sale process will reportedly launch in a few weeks time.
India-grown private equity venture Everstone Capital will offload a minority stake in Burger King India, according to sources cited by the Economic Times.
Everstone, which holds about 88% of the quick service restaurant, reportedly plans to offload 20%, valuing the chain at US$300-$350 million.
The venture controls F&B Asia Ventures, a pan-Asian food and beverage business platform that owns and operates Burger King’s branded restaurants in India and Indonesia. Everstone partnered with Burger King Worldwide in 2013 to set up the franchise for the two countries.
Everstone is expected to remain as the controlling stakeholder after the transaction.
(Photo credit: Burger King India Facebook)
