DEAL DETAILS
Aditya Birla New Age Hospitality Private Limited | Acquisition of shareholding in KA Hospitality Private Limited
Khaitan & Co advised Aditya Birla New Age Hospitality Private Limited (formerly known as Aditya Birla New Age Private Limited) (“ABNAH”) in relation to its 100% acquisition of shareholding in KA Hospitality Private Limited. By way of this acquisition, ABNAH has added four new iconic restaurant brands- Hakkasan, Yauatcha, Nara Thai and Cincin to its growing portfolio of the premium casual dining space. KA Hospitality Private Limited has now become a wholly owned subsidiary of ABNAH.
The core team consisted of Shourya Sengupta (Lead Partner), Sneh Lata (Principal Associate), Sruti Baid (Principal Associate) and Vibhav Seth (Associate) with assistance from the following:
Structuring advisory: Shabnam Shaikh (Partner)
Diligence Team: Shramana Dwibedi (Associate) and Joysurjo Roy (Associate).
Intellectual Property: Shailendra Bhandare (Partner), Sourav Dan (Principal Associate) and Kinjal Parikh (Associate).
The Firm was involved in the following:
We assisted the Client in conducting a due diligence on the Targets and drafting, reviewing, negotiating, and finalizing various transaction documents. We also advised in relation to fulfilment of conditions precedent to the transaction, from a legal perspective.
About Aditya Birla New Age Hospitality Private Limited
ABNAH currently operates Jolie's, a members-only club comparable to the best in the world and spanning across ~30,000 square feet at Worli, in the heart of Mumbai. ABNAH is planning to build premium casual dining restaurant chains across India, a fast-growing segment in the organised food services market.
About KA Hospitality Private Limited
KA Hospitality Private Limited, is engaged in the business of inter alia food and beverages in the premium casual dining space, and owns the home-grown brand CinCin and franchise rights of the other three global restaurant brands.
The four brands are positioned across the customer value pyramid, spanning the mid-market to premium segments. Hakkasan is a Michelin-starred brand serving modern Cantonese food. Yauatcha is an award-winning dim sum teahouse from London. Nara Thai is a contemporary brand that captures the essence of authentic Thai cuisine. CinCin is a modern Italian brand, designed to reflect the vibe and culture of the Italian “La Dolce Vita” lifestyle.
