New Silk Route, Bain Capital To Invest $30 Mn In Barbeque Nation
New Silk Route and Bain Capital are planning to invest $30 Mn in Barbeque Nation Hospitality Limited, a restaurant subsidiary of Sayaji Hotels Limited for minority stake.
According to TOI, PE funds were vying for a little over 26% stake in Barbeque Nation Hospitality, which has mandated boutique investment bank O3 Capital for fund raising.
Started in 2006 in Mumbai, Barbeque Nation owns and operates restaurants. It has the concept of Live Grill, allowing customers to make food on their personal grills.
It has presence in 14 cities and is planning to add 15 restaurants.
Sayaji Hotels operates chain of restaurants and hospitality properties in India. Sayaji currently operates three properties in Vadodara, Indore and Pune. It also has two subsidiaries - Barbeque-Nation Hospitality Ltd and Malwa Hospitality Pvt Ltd.
Currently, Acacia Partners holds 7.54% in Sayaji Hotels. Last May, Clearwater Capital Partners sold 2.85% stake in Sayaji Hotels through open market transaction for R6.5Cr.
Recently, New Silk Route Partners has acquired a minority stake in Hyderabad based educational services provider - Varsity Education Management Pvt Ltd. It's other investments include Nectar Lifesciences, INX Media, Aster Teleservices, KS Oils, Cafe Coffee Day and Ortel Communications among others.
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KVEZAR VIEW
| Date | Transaction | Type | Buyer | Size ($mn) |
|---|---|---|---|---|
| 08/02/12 | Barbeque Nation - New Silk Route, Bain Capital | Private Equity | Bain Capital Advisors India Private Limited | 30.00 |
| 07/09/11 | Barbeque Nation - Multiples Alternate Asset | Private Equity | Multiples Alternate Asset Management Private Limited | 14.36 |
| Date | Type | Buyer | Target | Size ($mn) | State |
|---|---|---|---|---|---|
| 16/05/12 | Private Equity | HSBC India Alpha (Mauritius) Limited | Speciality Restaurants Private Limited | 4.88 | Completed |
| 02/05/12 | Private Equity | APG Fund | Lemon Tree Hotels Private Limited (Krizm Hotels Private Limited) | 123.34 | Completed |
| 25/04/12 | Private Equity | New Silk Route Partners LLC | Adiga Fast Food Private Limited | - | Completed |
| 19/04/12 | M&A | Samhi Hotels Private Limited | Royal Orchid Ahmedabad Private Limited (Formerly Satkar Realties Private Limited) | 12.91 | Completed |
Fund |
||||
| Name | Corpus | Target Sector | Website | KeyContact |
|---|---|---|---|---|
| Bain Capital Advisors India Private Limited | BFSI Consumer Goods Healthcare Retail IT/ITES/Technology |
http://www.baincapitalindia.com/ | Anand MoreAndrew BalsonPoler DwighAmit R ChandraPavninder SinghNikhil RaghavanKaustuv SenSamonnoi BanerjeeVijay Nallan ChakravarthiRishi MandawatPankaj PatwariAjay AgarwalNinoy Job KannampallyBhuvan SrinivasanAshish KotechaSteven BarnesJoshua BekensteinJohn ConnaughtonTodd CookPaul EdgerleyChris GordonDavid Gross Loh | |
| New Silk Route Partners LLC | 1400 | Infrastructure Telecom IT/ITES/Technology Engineering / Capital Goods BFSI |
http://nsrpartners.com/index.html | Shantanu NalavadiDarius Dinshaw PandoleRajat Kumar GuptaVictor MenezesParag SaxenaAnand DorairajVivek Settsantosh -Hitesh -Ajit ReddyHarsha Misra |
Company |
||||
| Name | Promoters | Office | Competitor | Website |
|---|---|---|---|---|
| Barbeque Nation Hospitality Limited | Sayaji Hotels Limited | C/o Sayaji Hotels Limited, H-1 Scheme No.54, Vijay Nagar | www.barbeque-nation.com | |
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