Private Equity firm Everstone divested a part of its stake held in Burger King India Limited (‘BKIL’) in pre-IPO deals and sale of stake in IPO under Offer for Sale (‘OFS’) route.
BKIL is a listed company, backed by Everstone Group. BKIL operates in the Quick Service Restaurant category of the Indian Food & Beverage Industry, primarily being engaged in the business of manufacture and sale of ready to eat food products such as burgers, fries and beverages.
Everstone Group is a private equity and real estate investment firm focusing on India and Southeast Asia. It has assets under management of approximately US$5 billion.
Dhruva Advisors acted as tax advisor to Everstone Group in connection with the share sale under pre-IPO deals (with SBI Mutual Fund, Amansa Investments, Valiant Mauritius Partners and Malabar India Fund) as well as for sale of stake in IPO under OFS aggregating to ~USD 71 million.