Carlyle, Sequoia May Invest In JSM Corp
Carlyle Group and Sequoia Capital are planning to invest $40-50 Mn in JSM Corp for minority stake in the company.
Premji Invest and New Silk Route are also in talks to invest in the company. The company plans to establish 80-100 outlets of California Pizza Kitchen in the next five-six years, besides expansion of its other brands including Pitstop.
Founded in 2004 by Jay Singh and Sanjay Mahtani, JSM Corp is the Indian franchisee for Hard Rock Cafe, California Pizza Kitchen and Trader Vic's across India.
It has 12 outlets across different brands, including premium luxury lounge Shiro.
Recently, New Silk Route was planning to invest in South Indian vegetarian restaurant and fast food chain - Adiga.
There were rumors that NSR and Bain Capital may invest upto $30Mn in Barbeque Nation Hospitality Limited, a restaurant subsidiary of Sayaji Hotels Limited for minority stake.
In October, Sequoia invested $5Mn in Pune based Kebab and wraps chain - Faaso's.
Before that in August, India Equity Partners invested $35Mn in Sagar Ratna, a Delhi-based South Indian restaurant chain. The investment gave the New York-based PE fund a controlling stake in the chain. Goli VadaPav also raised $4.7Mn from Ventureast.
In May, ICICI Venture invested $33Mn in RJ Corp’s Devyani International, which runs Pizza Hut, Costa Coffee and KFC across India.
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KVEZAR VIEW
| Date | Transaction | Type | Buyer | Size ($mn) |
|---|---|---|---|---|
| 2012-10-12 | JSM Corporation - Premji Invest | Private Equity |
Premji Investment |
25.00 |
| 2012-04-11 | JSM Corporation - Carlyle, Sequoia | Private Equity |
Sequoia Capital India Carlyle Group |
- |
| Date | Type | Buyer | Target | Size ($mn) | State |
|---|---|---|---|---|---|
| 16/04/2013 | Private Equity | CX Partners | Barbeque Nation Hospitality Limited | 20.14 | Completed |
| 06/02/2013 | Private Equity | SAIF Partners | Dana Choga Foods And Hospitality Private Limited | - | Completed |
| 03/12/2012 | Private Equity | Helion Venture Partners | Spring Leaf Retail Private Limited | 6.00 | Completed |
| 26/11/2012 | Private Equity | IDFC Private Equity Fund III | Manipal Servicecorp Facility Management Private Limited | 18.04 | Completed |
Fund |
||||
| Name | Corpus | Target Sector | Website | KeyContact |
|---|---|---|---|---|
| Sequoia Capital India | BFSI Healthcare Retail Infrastructure |
http://www.sequoiacap.com | Mohit BhatnagarSumir ChadhaShailesh LakhaniPorko ElangoAbhay Kumar PandeyShailendra SinghG V RavishankarV T BharadwajNikhil BalaramanTaru Kapoor | |
| Carlyle Group | Defence Consumer Goods Energy Healthcare Infrastructure |
www.carlyle.com | Mukesh Gulraj MehtaKapil ModiAshish KaranAlekh N DalalManish GaurNikhil MohtaManoj K DenglaShankar NarayananRishabh ChindaliaRajeev Gupta.Mahesh ParasuramanMadhava Menon Shankar NarayananDevinjit SinghNeeraj Bharadwaj | |
Company | ||||
| Name | Promoters | Office | Competitor | Website |
|---|---|---|---|---|
| JSM Corporation Private Limited |
Sanjay Lalu Mahtani Jayajit Kamaljit Singh |
Todi Estates, A wing. 3rd Floor, Above Post office, Sunmill Compound, Opp. Phoenix Mills, S.J. Marg, Lower Parel (W) |
http://www.jsmcorp.in | |
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