Promoters of Coffee Day Enterprises Ltd and its lenders have temporarily shelved a plan to sell a controlling stake in the unit that owns the Café Coffee Day (CCD) chain, two people directly aware of the development...
3G Capital selling $3 billion shares in Burger King owner
Brazilian private equity firm 3G Capital Partners Ltd sold shares in Restaurant Brands International Inc for $3 billion in the past month, regulatory filings showed. An affiliate of 3G Capital Partners Ltd is selling...
Hilton Grand Vacations to explore sale following takeover interest – sources
Hilton Grand Vacations Inc has decided to explore strategic alternatives, including a potential sale, following acquisition interest in the U.S. timeshare operator from private equity firms, people familiar with the...
Burger King’s China franchisee hires Citi for stake sale: sources
Tab Food Investments, the biggest worldwide franchisee of Burger King, has asked Citigroup to help to sell a minority stake in the business in China and Turkey, a deal which could fetch at least $200 million, two...
TPG in early talks to buy Coffee Day Global
Private equity firm TPG is in preliminary discussions on a possible acquisition of Coffee Day Global Ltd, which owns the Café Coffee Day (CCD) chain founded by the late VG Siddhartha, two people familiar with the...
Oyo buys Las Vegas Hooters Hotel in its first US purchase
In what is its first property purchase in U.S., SoftBank-backed Oyo Hotels and Homes, has bought the Hooters Casino Hotel Las Vegas. While, Oyo did not divulge the financial terms of the transaction, a person close to...
Mexican restaurant firm CMR says agreed to buy Grupo Dasi
Mexican restaurant operator CMR said on Thursday it has agreed to buy local firm Grupo Dasi and its associated businesses in a cash and stock deal, without disclosing the price. Grupo Dasi, based in Mexico City, runs...
Japanese investor Ichigo latest to disclose stake in Unizo
Japan’s Ichigo Asset Management disclosed a 5.56% stake in hotel chain Unizo Holdings Co Ltd on Tuesday, days after a SoftBank Group firm swooped in with a $1.3 billion ‘white knight’ bid that investors see going higher...
SoftBank’s Fortress emerges as white knight for hotel chain Unizo with $1.3 billion bid
Japanese hotel chain Unizo Holdings said it received a friendly buyout offer worth up to $1.3 billion from a SoftBank Group investment firm, a deal that will help it fend off a rare hostile takeover bid from travel...
SoftBank-owned Fortress to make rival bid for Japan’s Unizo: Nikkei
Fortress Investment Group, a U.S. investment firm owned by SoftBank Group, will offer to buy Japanese hotel operator Unizo Holding, launching a counter bid against travel agency H.I.S. Co, the Nikkei reported. Fortress...
Norwegian investor buys Helsinki’s Kamp Collection Hotels
Norwegian investor Petter Stordalen’s Nordic Choice Hospitality Group has acquired Kamp Collection Hotels, a prestigious chain of hotels in Helsinki, from asset manager Capman, the seller’s Capman Buyout fund said on...
Tata Taj Hotel chain to sell assets as economy weakens
The luxury hotel chain controlled by India’s Tata Group is looking to sell some assets and avoid owning new properties in an effort to further pare debt, as it braces for a slump in consumer spending. Indian Hotels Co...
