Everstone Eyeing To Sell India, Indonesia’s Burger King Franchise Stake


According to the sources, private equity (PE) firm Everstone Capital is considering selling its stake worth $314 million in Restaurant Brands Asia, the master franchisee of Burger King in India and Indonesia. The PE firm holds over 40 per cent of the stake in the fast-food chain brand.

Restaurant Brand Asia had a valuation of $768 million based on Friday’s price of INR 129 per share. The company’s shares have hiked 49 per cent from a record low struck in mid-May. Even though restaurant brands have boosted their second quarter post the pandemic, the PE firm intends to sell out its stake in the company.

Everstone Capital is the PE arm of Everstone Group. It manages over $7 billion in assets. The PE firm primarily focuses on the mid-market and makes investments in India and Southeast Asia.

Restaurant Brands Asia, formerly known as Burger King, was founded in 2013 as a result of a collaboration between Everstone and Burger King to expand the fast-food chain’s presence in India.

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