General Atlantic and Advent inches closer to buying Burger King India

Everstone Capital is reportedly selling 40.9% of Restaurant Brands Asia.

Private equity firms General Atlantic and Advent International are getting closer to sealing the deal in buying out Everstone Capital’s 40.9% in Restaurant Brands Asia, which operates Burger King in India according to reports.

A report by the Economic Times India said that an executive with knowledge of the matter said that Everstone is actively engaging in due diligence with the two private equity firms.

In the quarter ending 31 March, RBA reported a consolidated net loss of Rs733.7m rupees ($8.87m) from Rs670.7m $8.11m) a year earlier.

Everstone also operates Subway and Lavazza Coffee in India.