Verlinvest SA Acquires 20% Stake In Everstone Owned Cuisine Asia
by Irfan Khan
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.
Oxigen Services, a payment solutions provider is looking to raise $200 Mn from private equity investors, strategic investors and development financial institutions and is expecting to close the deal of $50 Mn as part of the first tranche by the end of this year.