L Catterton in talks for minority stake in Bengaluru's Nandhana Palace at ₹2,000 cr valuation
LVMH-backed PE firm L Catterton is negotiating a minority investment in Andhra-cuisine chain Nandhana Palace, which runs 27 outlets and posted ₹316.1 cr revenue with ₹28.2 cr profit in FY25. The deal underscores intensifying PE appetite for Indian restaurant and QSR chains within an $80 bn food services market growing at 10-11% CAGR.
L Catterton is in talks to acquire a minority stake in Bengaluru-based Andhra-cuisine chain Nandhana Palace, earlier valued at ₹2,000 crore, amid surging PE interest in Indian restaurant and QSR chains.
Why this matters
Signals rising PE interest in regional Indian restaurant chains, with L Catterton extending its India F&B bets following prior consumer plays. Nandhana's profitability and 27-outlet footprint anchor the ₹2,000 cr valuation.
Retail-company activity steady at 500 signals in last 90 days, reflecting sustained deal flow.
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