New Silk Route closes in on India restaurant deal
New Silk Route Advisors expects to close its first investment in an Indian restaurant business later this month, having spent two years looking for suitable targets. The private equity firm has committed $100 million in debt and equity and plans to spend $180-200 million in the country over the next 12 months, the Wall Street Journal reported.
New Silk Route wants to convert the company into a holding vehicle for a number of food businesses. Jacob Kurian, a partner New Silk Route, compared the structure to that of Yum Brands, which owns KFC,...
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