Verlinvest SA Acquires 20% Stake In Everstone Owned Cuisine Asia
Verlinvest SA, a fund created by the three founding families of beer conglomerate Anheuser-Busch InBev has acquired 20% stake in Cuisine Asia, a Mauritius-based holding company of Everstone Capital's restaurant investments, which includes Blue Foods with brands like Noodle Bar, Bombay Blue and Copper Chimney.
Everstone invested $20Mn in JS Hospitality Services for a 45% stake in December last year. This investment wase made through Cuisine Asia. JS Hospitality owns Park Balluchi and Pind Balluchi brands in NCR.
Everstone also owns about 80% stake in Blue Foods through it's investment vehicle Cuisine Asia. Blue Foods was set up in 2003 by unil Kapoor of Copper Chimney fame and Sanjeev Chona of Cream Centre fame.
In November'2010, Verlin SA acquires 15% stake in in wine maker Nashik Vintners Pvt. Ltd (NVPL), known for its Sula brand, for $15 Mn. Everstone Capital was the exclusive advisor to this transaction. Everstone also holds a 10% stake in the company.
Verlinvest has investments in Anheuser-Busch, which makes Budweiser and Bud Light beer, and French liquor maker Remy Cointreau. Verlinvest had earlier invested in water brand Glacéau, a stake it sold to Coca-Cola Inc. in 2007.
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KVEZAR VIEW
| Date | Transaction | Type | Buyer | Size ($mn) |
|---|---|---|---|---|
| 08/02/12 | Everstone Capital - Cuisine Asia - Verlinvest SA | Private Equity | Verlinvest SA | - |
| Date | Type | Buyer | Target | Size ($mn) | State |
|---|---|---|---|---|---|
| 11/05/12 | M&A | Warburg Pincus International | Future Capital Holdings Limited (Co.) | - | Planned |
| 08/05/12 | M&A | AEGON | Aegon Religare Life Insurance Company Limited | - | Rumor |
| 08/05/12 | M&A | HCL Group | DLF Pramerica Life Insurance Company Limited | - | Planned |
| 02/05/12 | Private Equity | International Finance Corporation | MAS Financial Services Limited | 12.00 | Planned |
Fund |
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| Name | Corpus | Target Sector | Website | KeyContact |
|---|---|---|---|---|
| Everstone Capital | Retail Consumer Goods Healthcare Education Media |
www.everstonecapital.com | Atul KapurSameer SainSanjoy ChatterjeeP M DevaiahAshutosh LavakarePankaj ThaparRoopa PurushothamanOphealia DerozeJason BreemenShelly SmithFRANCOISE CHUNGDhanpal JhaveriDimple SanghiJaspal Singh SabarwalAmit ManochaAtul SethiShankar PrasadKzaman -S ChopraVsota -Viral RathodPuncham MukimDeep MishraKazi Arif Uz ZamanP M Devaiah | |
| Verlinvest SA | Consumer Goods Food & Beverage Retail Healthcare IT/ITES/Technology |
www.verlinvest.com | Frederic De Mevius | |
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