Everstone Capital (Everstone Capital Asia Pte Ltd) has renewed efforts to sell its stake in Restaurant Brands Asia Limited (NSEI:RBA), the operator of the Burger King and Popeyes restaurant chains in India, according to a report by CNBC-TV18. The private equity company holds 11.27% in RBA through its entity QSR Asia (Qsr Asia Pte Ltd.) and is reported to be in advanced discussions with several interested buyers. The pool of potential acquirers includes both financial investors and strategic parties.
Among those said to be evaluating the transaction is a family office linked to a listed company with an existing presence in the quick-service restaurant segment, along with other private equity investors. One of the sources indicated that negotiations have moved to an advanced stage and that offers received so far are above RBA?s current market price. Any change in the controlling shareholder is expected to trigger a mandatory open offer under Indian takeover regulations.
Everstone Capital declined to comment on the reported discussions, and RBA has yet to respond.
