Private equity interest in the Indian restaurant and quick service restaurant (QSR) sector is showing signs of revival after a two-year lull, four PE and M&A (merger and acquisition) deals concluded in December indicate.
In the top deal, L Catterton Asia, the investment arm of French luxury goods conglomerate LVMH, acquired a controlling stake in Impresario Entertainment & Hospitality, which owns fine dining restaurant brands Smoke House Deli and Social.
