BackUS PE firm in talks to invest up to $100 million in Coffee Day: report
1 min read
17 Sep 2013, 11:34 PM IST
Coffee Day’s investors include PE firms KKR and Co. LP, New Silk Route Partners LLC and Standard Chartered Private Equity
Premium(Hemant Mishra/Mint)
Bangalore: US private equity firm TA Associates is in talks to invest up to $100 million in V.G. Siddhartha’s Coffee Day Holdings Co. Pvt. Ltd, according to a report in the Business Standard newspaper.
Coffee Day was in talks to raise Rs500-700 crore in debt and equity, and had received a letter of intent from a PE firm, Mint reported on 24 July.
Coffee Day’s investors include PE firms KKR and Co. LP, New Silk Route Partners LLC and Standard Chartered Private Equity.
Mint couldn’t immediately reach Siddartha or TA Associates for comment.
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Published: 17 Sep 2013, 11:34 PM IST
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