Avendus Capital Advises Cuisine Asia on Its Fund Raise From Verlinvest.

Everstone Capital’s food & beverage (“F&B”) services platform, Cuisine Asia, has raised primary funds from Verlinvest for a minority stake. Cuisine Asia is the holding company of Pan India Food Solutions Private Limited (“Blue Foods”) and also owns a substantial stake in J. S. Hospitality Services Private Limited. Funds raised in Cuisine Asia platform will be primarily used to continue organic growth of Blue Foods and to also look at select acquisitions and franchising opportunities.

Blue Foods is one of the leading players in the organized F&B retail business in India with more than 130 outlets in 10 cities across the country. Blue Foods has a portfolio of strong brands in different cuisines across various formats. The brands operated by the company include Spaghetti Kitchen, Copper Chimney, Gelato Italiano, The Coffee Bean & Tea Leaf, Bombay Blue, Noodle Bar and Spoon.

JSH Hospitality Services Private Limited is India’s leading North Indian specialty restaurant chain. The company is currently operating 31 restaurants under the brand Pind Balluchi primarily in Northern India.

Avendus Capital was the exclusive advisor to Cuisine Asia for this transaction.