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.
Flipkart has announced the much speculated third round of funding this year, which values the seven year old marketplace at a whopping $11 Bn (c.R66,000 Cr). Along with the funding, Flipkart has also filed for changing its entity status to public.