Restaurant franchise management company Yellow Tie Hospitality Management, has acquired casual dining brand Bombay Blue from Everstone Equity-owned Blue Foods for an undisclosed amount. Yellow Tie Hospitality operates...
Cafe Coffee Day founder in final talks with KKR & L&T info for Mindtree stake sale
Cafe Coffee Day Group founder VG Siddhartha is in final talks with L&T Infotech (LTI) and private equity firm KKR to sell his stake in mid-tier IT services firm Mindtree NSE 0.29 %. The deal is likely to be...
OYO to buy back Rs 50 crore worth shares from existing, past employees in January; check details
OYO Rooms has said Friday that it would buy ESOPs from 250 of current and former employees worth nearly Rs 50 crore (in the first round) in January 2019. The buyback program would be carried out through a secondary...
Warburg in ₹3,000 crore JV with Lemon Tree to offer co-living spaces
Hospitality chain Lemon Tree Hotels Ltd on Thursday said it has entered into a joint venture with global private equity firm Warburg Pincus Llc to form a platform that would jointly invest about ₹3,000 crore to develop...
Samena Capital invests Rs 1 billion in fresh funding in Bloom Hotels
Bloom Hotels Wednesday said it has further raised Rs 1 billion in a fresh round of funding from Samena Capital, taking the principal investment group’s stake in the company to 45 per cent. Samena Capital had...
Blackstone gets lenders nod to acquire bankrupt Golden Jubilee Hotels
US private equity major Blackstone Group has received the approval of bankrupt Golden Jubilee Hotels’ lenders to acquire the Hyderabad-based hotel that had shot into limelight after hosting Ivanka Trump, the fashion...
Brookfield to buy Leela hotels for ₹4,500 crore
Canada’s Brookfield Asset Management is close to buying at least four of five luxury hotels and a large land parcel owned by debt-ridden Hotel Leelaventure Ltd for about ₹4,500 crore, said three people familiar with the...
Engaged Capital to push Del Frisco’s to sell itself: WSJ
Activist investor Engaged Capital LLC has bought a nearly 10 percent stake in Del Frisco’s Restaurant Group Inc (DFRG.O) and is pushing the restaurant operator to sell itself, the Wall Street Journal reported on...
Dineout acquires restaurant management software firm Torqus
Dineout, India’s largest dining out platform, on Tuesday announced the acquisition of Pune-based Torqus, a leading SaaS-based restaurant management software provider, further strengthening its position as a full stack...
Columbia Threadneedle opposes Restaurant Group deal for Wagamama
Columbia Threadneedle, a top-5 investor in Restaurant Group (RTN.L), said on Tuesday it would vote against the company’s proposed acquisition of noodle chain Wagamama for 357 million pounds ($458.5 million). UK Equities...
Detroit casino hotel sold for $1 billion in gaming consolidation
An investment arm of Quicken Loans founder and billionaire Dan Gilbert said on Wednesday it agreed to sell the Greektown Casino-Hotel in Detroit to a real estate investment trust and a partner for $1 billion, in a sign...
Indian Hotels looks to sell 10 properties to pare debt
Indian Hotels Co. Ltd, which runs Taj hotels, plans to monetize around 10 properties in the next three years as part of a larger plan to bring down its debt and fund its future growth, said a top executive. The Tata...
