Everstone Capital, a private equity firm, has divested a 2.16% stake in Restaurant Brands Asia (RBA), previously known as Burger King India Ltd, via an open market transaction. The stake sale, amounting to Rs 113 crore, reflects Everstone’s ongoing portfolio management while mutual fund giant Mirae Asset stepped in as the buyer. This transaction comes amid heightened market interest in RBA, a subsidiary of the U.S.-based Restaurant Brands International, which owns several globally recognized quick service restaurant (QSR) brands. The sale has marginally reduced Everstone’s stake, while boosting market confidence as reflected in RBA's rising stock price.

Everstone Capital Sells 2.16% Stake in RBA

Everstone Capital, through its investment vehicle QSR Asia Pte, sold 2.16% of its stake in Restaurant Brands Asia (RBA). The sale involved over 1.07 crore shares at an average price of Rs 105 each, valuing the transaction at Rs 112.83 crore. This move signals a strategic reshuffling of Everstone’s holdings within the QSR space.

Everstone’s Stake in RBA Declines to 13.17%

Following the stake sale, Everstone’s shareholding in RBA has reduced from 15.33% to 13.17%. The divestment marks a slight but notable decrease in the firm's overall investment in the restaurant chain operator, potentially freeing up capital for other investments or strategic moves within its portfolio.

Mirae Asset Mutual Fund Buys Stake in RBA

Mirae Asset Mutual Fund, a prominent institutional investor, purchased the 2.16% stake offloaded by Everstone Capital. The acquisition at Rs 105 per share reflects growing confidence in RBA’s future growth trajectory, particularly within the competitive QSR sector in India.

RBA Shares Rally 2.83% Following Transaction

Shares of Restaurant Brands Asia saw a 2.83% uptick, closing at Rs 107 apiece on the National Stock Exchange (NSE) following news of the transaction. The stock price movement suggests positive market sentiment, buoyed by Mirae Asset’s confidence in RBA’s potential and Everstone’s strategic realignment.

Everstone: A Leading Investment Group

Everstone Capital, part of the larger Everstone Group, is a major player in the private equity and venture capital arenas, managing assets worth USD 7 billion. Their involvement in RBA highlights their commitment to high-growth sectors, particularly within consumer-driven industries like QSR.

Restaurant Brands International: A Global QSR Leader

Restaurant Brands Asia is a subsidiary of U.S.-based Restaurant Brands International, one of the largest quick service restaurant companies globally. With iconic brands such as Tim Hortons, Burger King, Popeyes, and Firehouse Subs, the company generates over USD 40 billion in annual sales across 30,000 restaurants in more than 120 countries.