Coffee Day Holdings plans to acquire Barefoot India from G R Gopinath and other shareholders.
It is not yet clear whether Coffee Day Holdings is acquiring the entire land parcel or the part which has been developed. If it settles for the developed part, it may have to pay close to Rs 20 Cr.
Transaction Reference: BS
Barefoot India is promoted by G R Gopinath who owns 35%, while 38% stake is held by a group of London-based investors and the rest by the management of the resort.
The enterprise value of the land holdings is expected to be close to Rs 80 Cr.
Coffee Day Holdings is a Bangalore-based company with interests in coffee plantations, coffee retailing, infrastructure development and technology investments.
It recently raised Rs 1,200 Cr from StanChart Private Equity, KKR and New Silk Route. While New Silk Route invested $75 Mn, KKR and Standard Chartered PE invested $75 mn and $50 mn, respectively.
Coffee Day Holdings currently has premium luxury resorts at Chikmagalur, Kabini and Bandipur, all in Karnataka. While Chikmagalur was a new project, Coffee Day acquired Cicada Resorts at Kabini and Bandipur from Wipro’s Azim Premji.
Coffee Day is looking to invest Rs 1,700 cr in 3-4 years to expand the business. The group intends to invest Rs 200 Cr in plantations, Rs 700 Cr in the retailing business and another Rs 750 Cr in infrastructure developments and special economic zones.
KVEZAR VIEW
| Date | Transaction | Type | Buyer | Size ($mn) |
| 18/08/10 |
Barefoot India - Coffee Day Holdings |
M&A |
Coffee Day Resorts Private Limited |
- |
| Date | Type | Buyer | Target | Size ($mn) | State |
| 01/02/12 |
Private Equity |
|
CGH Earth |
50.49 |
Planned |
| 30/01/12 |
IPO / Offerings |
|
Pride Hotels Limited |
25.30 |
Called Off |
| 30/01/12 |
M&A |
Sahara Group |
Marriott Hotels Inc |
1175.47 |
Planned |
| 27/01/12 |
M&A |
Omega TC Holdings Pte Limited |
Roots Corporation Limited (Ginger Hotels) |
- |
Completed |
Company |
| Name | Promoters | Office | Competitor | Website |
| Coffee Day Resorts Private Limited |
Amalgamated Bean Coffee Trading Co. Limited |
No.23/2,Coffee Day Square,
Vittal Mallya Road,
Banglore-560001. |
Barista Coffee Company Limited |
www.cafecoffeeday.com |
