August 2008
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Alchemist Gr looks to PE firms to fund restaurant expansion

Chandigarh-based Alchemist Group is scouting for private equity investments to fund its Rs 800 crore expansion plan of opening 1,200 odd outlets of its quick service restaurant chain Republic of Chicken by 2010. “The total investment in the chain by 2010 will be Rs 800 crore and we could be looking at private equity funding. We are sure the return on investment of each outlet will not be more than 18-22 months,” Republic of Chicken Chief Operating Officer Tapan Sinha said. He said the company would be set up around 1,200 'Diner and Deli' counters by 2010 and is seeking the PE route for financing the plan. Sinha did not cite a time-frame for seeking the percentage stake the company would be divesting. […]

India 2020 eyeing USD 50 mn investments in growth-stage firms

Mauritius-based private equity fund, India 2020, plans to invest up to USD 50 mn in around five to six rapidly-growing and mainly unlisted companies by this year-end, a top company official said. The Rs 500 crore India 2020 fund is sponsored by Lighthouse Funds, a global private equity firm with operations in the US and India. “We are in talks with several growth-stage companies and are confident of sealing about half-a-dozen deals by this year-end. The cumulative investment will be around USD 50 million,” Lighthouse's Managing Partner, Mukund Krishnaswami said. The fund focuses on rapidly-expanding small and medium-sized companies. […]