Hotline: 1800 102 2007
X
Loading
Search Business Opportunities
Sep, 03 2013

New Silk Route to buy Moshe’s

New Silk Route to buy 51% stake in Mumbai Chain Moshe’s cafe.

Private equity firm New Silk Route (NSR) is set to acquire Mumbai's restaurant chain  and swish cafe  Moshe's. NSR, a $1.4-billion India focused fund, will buy over 51% stake in Moshe's and ramp it up as the food services provider charts national expansion plans in the next few years.

The 44-year-old Indian Jew Moshe Shek started this quintessential south Mumbai chain in the millionaire boulevard of Cuffe Parade a decade ago. It currently runs a network of ten upscale Mediterranean cafes and restaurants branded Moshe's in Mumbai. Investment bank Lodha Capital Markets advised on the transaction, which is awaiting final formalities.

The deal is part of NSR's ambitions to build a platform of Indian food and beverage companies in which it would buy controlling stakes. Last year, it acquired majority shares in south Indian fast food chain Adiga's , with an expanding foot print in Bangalore .

NSR, also an investor in the parent of Cafe Coffee Day, has set aside $100 million to fund the F&B platform, which is incorporated into a private company holding shares in a slew of operating assets.

Mr. Jacob Kurian, Partner, New Silk Route, said “the fund was in discussion with Moshe's without divulging details. “

Comment
Related opportunities
  • Casual dine Restaurants
    About:Hotel Bhagat Tarachand is a decorated name in the culinary..
    Locations looking for expansion Maharashtra
    Establishment year 1950
    Franchising Launch Date 2015
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 500 - 2500 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai City Maharashtra
  • After School Activities
    Cricket Academy of Pathans is an institute born out of..
    Locations looking for expansion New Delhi
    Establishment year 2013
    Franchising Launch Date 2015
    Investment size Rs. 10lac - 20lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater South Delhi New Delhi
  • Lingerie & Innerwear
    About What Women WantWhat women wantis a retail concept which..
    Locations looking for expansion Maharashtra
    Establishment year 2013
    Franchising Launch Date 2015
    Investment size Rs. 10lac - 20lac
    Space required 200 sq ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai City Maharashtra
  • Casual dine Restaurants
    About New YorkerA landmark eatery with global menu & urban..
    Locations looking for expansion Maharashtra
    Establishment year 1979
    Franchising Launch Date 2012
    Investment size Rs. 50lac - 1 Cr.
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai City Maharashtra
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities