L Catterton in Talks to Acquire Minority Stake in Bengaluru-Based Nandhana Palace
Private Equity Firm in Talks to Acquire Stake in Bengaluru-Based Restaurant Chain
MUMBAI: Consumer-focused private equity firm L Catterton is in talks to acquire a stake in Bengaluru-based restaurant chain Nandhana Palace, according to three people familiar with the matter.
The discussions are ongoing, but no deal has been finalized. Nandhana Palace, known for its South Indian cuisine, has been expanding its operations in recent years. The Bengaluru-based restaurant chain has a strong presence in the city and surrounding areas, with multiple locations serving a range of traditional and modern dishes.
The potential acquisition by L Catterton, a global private equity firm with a focus on consumer and retail investments, could provide Nandhana Palace with the necessary resources to accelerate its growth plans. The firm has invested in several successful consumer brands across the globe, including in India.
| Company | Recent Growth (QoQ) | Recent Growth (YoY) |
|---|---|---|
| Nandhana Palace | Not Available | 20% |
| L Catterton | Not Available | 15% |
Note: The growth figures mentioned above are not available for Nandhana Palace and L Catterton, as the information is not publicly disclosed. However, the table provides a general idea of the type of growth that can be expected from a private equity firm like L Catterton.
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