Investment Summary

CX Partners, Samara Capital, Creador and NewQuest Capital Partners Exits Sapphire Foods

On November 9, 2021, invested in franchising company Sapphire Foods from CX Partners, Samara Capital, Creador and NewQuest Capital Partners

Investment Highlights
  • This is transaction in the Franchising sector.
  • This is transaction in India.

Investment Summary

Date 2021-11-09
Target Sapphire Foods
Sector Franchising
Sellers(s) CX Partners
Samara Capital
Creador
NewQuest Capital Partners
Deal Type IPO

Target

Sapphire Foods

Mumbai, India
Sapphire Foods is a franchisee operator of the US fast-food giant Yum Brands. Sapphire Foods operates 437 KFC, Pizza Hut, and Taco Bell restaurants in India, Sri Lanka, and the Maldives. Sapphire Foods was incorporated in 2009 and is based in Mumbai, Maharashtra.

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Seller(S) 4

SELLER

CX Partners

New Delhi, India

Investor Investor Investor Investor


Category Private Equity Firm
Founded 2009
PE ASSETS 625M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

CX Partners is a private equity firm specializing in middle-market growth capital and special situations investments throughout India. CX Partners was founded 2009 and is based in New Delhi.


DEAL STATS #
Overall 5 of 5
Sector: Franchising M&A 1 of 1
Type: IPO M&A Deals 2 of 2
Country: India M&A 4 of 4
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-01 Sekhmet Pharmaventures

Mumbai, India

Sekhmet Pharmaventures plans to acquire controlling stakes in multiple Active Pharmaceutical Ingredient (API) businesses. Sekhmet Pharmaventures is based in Mumbai, Maharashtra.

Buy -
DESCRIPTION

Samara Capital is an India-based private equity firm focused on acquiring interests in emerging Indian companies. Samara specifically looks for sectors or business models that offer significant opportunities and are poised for rapid growth or transformation. Industries of interest include infrastructure, consumer products/services, financial services, pharmaceuticals/healthcare, IT, business process outsourcing, media, and manufacturing. Samara Capital was formed in 2006 and has offices in Mumbai and and New Delhi.


DEAL STATS #
Overall 2 of 3
Sector: Franchising M&A 1 of 1
Type: IPO M&A Deals 2 of 2
Country: India M&A 2 of 3
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-01 Sekhmet Pharmaventures

Mumbai, India

Sekhmet Pharmaventures plans to acquire controlling stakes in multiple Active Pharmaceutical Ingredient (API) businesses. Sekhmet Pharmaventures is based in Mumbai, Maharashtra.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-11 Lotus

Mumbai, India

Lotus offers comprehensive range of surgical devices. Lotus designs, develops and manufactures products using high ended technology under clean room conditions - and under the supervision of highly skilled personnel and qualified staff. Lotus is based in Mumbai, India.

Sell -
SELLER

Creador

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2011
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Creador is a private equity firm focused on partnering with entrepreneurs to grow businesses in South and Southeast Asia. The Firm primarily seeks growth capital investments in Indonesia, Malaysia, Philippines, Singapore, India, and Sri Lanka and generally pursues businesses that benefit from a young and growing population, lower but rising GDP per capita, and a rapidly growing middle class. Creador was founded in 2011 and is based in Kuala Lumpur, Malaysia.


DEAL STATS #
Overall 3 of 4
Sector: Franchising M&A 1 of 1
Type: IPO M&A Deals 2 of 3
Country: India M&A 2 of 2
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-06 Tealive

Petaling Jaya, Malaysia

Tealive is an operator of a food and beverage company with a modern lifestyle brand with colorful shop designs and an international-style menu spanning milk tea, smoothies, chocolate, and coffee. Tealive was established in 2017 and is based in Petaling Jaya, Malaysia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-31 Orion Food Industries

Puchong, Malaysia

Orion Food Industries focus on developing innovative and proprietary food products prioritizing consistency, quality, and food safety. Its product line consists of food coatings, sauces, soups, seasonings, and marinades designed to enhance food performance and the consumer experience. Orion Food Industries was founded in 2007 and is based in Puchong, Malaysia.

Buy -
SELLER

NewQuest Capital Partners

Investor Investor Investor Investor Investor


Category Secondary Investor
Founded 2011
PE ASSETS 2.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

NewQuest Capital Partners is a secondary investor focused on providing liquidity to private equity asset owners. The Firm acquires private equity positions directly through portfolio and single asset transactions and can also partner with managers to provide liquidity to limited partners. NewQuest Capital Partners was formed in 2011 from the spin out of Bank of America Merrill Lynch’s Asian Private Equity team. The Firm is based in Hong Kong.


DEAL STATS #
Overall 2 of 2
Sector: Franchising M&A 1 of 1
Type: IPO M&A Deals 1 of 1
Country: India M&A 1 of 1
Year: 2021 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-23 Integreon

Charlotte, North Carolina, United States

Integreon is a provider of legal, document, business and research support (aka Grail Research) solutions to leading law firms, corporate legal departments, corporate marketing, and strategy groups, financial institutions and professional services firms. Integreon was founded in 1998 and is based in Charlotte, North Carolina.

Sell -