Global private equity major, KKR and its affiliate KKR Mauritius PE Investments, has sold around 6% of its stake in Coffee Day Enterprises, which operates the popular coffee retail chain Café Coffee Day for Rs 405 crores (around $62m) through open market transactions, reported VC Circle and The Economic Times. Post the sale, KKR will now hold around 4.4% stake in the coffee retail chain, while the promoter shareholding of Coffee Day Enterprises will stand at around 55%.
AZB & Partners advised the affiliate
Café Coffee Day, owned by Coffee Day Resorts and one of India’s strongest consumer and retail brands, opened its first cafe in 1996 running in over 500 outlets across India and countries like Austria, Czech Republic and Malaysia. The Coffee Day Group had earlier in 2010 raised an investment of $75m from KKR along with other private equity firms like Standard Chartered Private Equity and New Silk Route.
As we had first reported very recently, KKR will have a new general counsel (GC) by next month, in JP Morgan GC Jigar Shah.
2018-02-26
This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.
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