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Private Equity | 8 February 2012

Verlinvest SA Acquires 20% Stake In Everstone Owned Cuisine Asia

by Irfan Khan
Verlinvest SA Acquires 20% Stake In Everstone Owned Cuisine Asia
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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.

Temasek Holdings Part Exits ICICI Bank

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ANZ Banking may sell a part or entire of its life insurance unit

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