{"id":371466,"date":"2026-01-02T16:00:37","date_gmt":"2026-01-02T10:30:37","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=371466"},"modified":"2026-01-02T15:32:11","modified_gmt":"2026-01-02T10:02:11","slug":"cyril-amarchand-mangaldas-vixar-acquisition-belgian-waffle-co","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2026\/01\/02\/cyril-amarchand-mangaldas-vixar-acquisition-belgian-waffle-co\/","title":{"rendered":"Cyril Amarchand Mangaldas Advises Vixar on Share Acquisition in The Belgian Waffle Co."},"content":{"rendered":"<div style=\"text-align: justify; line-height: 150%;\">\n<p style=\"margin-bottom: 3%;\">Cyril Amarchand Mangaldas (&#8220;<span style=\"font-weight: bold;\">CAM<\/span>&#8221;) advised Vixar on its acquisition of certain shareholding in Bloombay Enterprises Private Limited (&#8220;<span style=\"font-weight: bold;\">Company<\/span>&#8221;).<\/p>\n<p style=\"margin-bottom: 3%;\">The Company operates through its brand name &#8220;The Belgian Waffle Co.&#8221; and is one of India&#8217;s leading western-dessert-focussed quick service restaurants chains, with 700+ stores in 250+ cities. The Company has a wide range of offerings, including waffles, pancakes, and ready-to-eat and easy-to-make products such as waffle crisps, spreads, and pancake &amp; waffle pre-mixes..<\/p>\n<p style=\"margin-bottom: 3%;\">The transaction team advising Vixar was led by <span style=\"font-weight: bold;\">Sonakshi Arora<\/span>, <span style=\"font-style: italic;\">Partner,<\/span> and <span style=\"font-weight: bold;\">Megha Krishnamurthi,<\/span> <span style=\"font-style: italic;\">Partner,<\/span> with assistance from <span style=\"font-weight: bold;\">Surabhi Saboo<\/span>, <span style=\"font-style: italic;\">Principal Associate<\/span>, <span style=\"font-weight: bold;\">Nilomi Doshi<\/span>, <span style=\"font-style: italic;\">Senior Associate;<\/span> <span style=\"font-weight: bold;\">Preeti Gurnani<\/span>, <span style=\"font-style: italic;\">Associate;<\/span> <span style=\"font-weight: bold;\">Yashi Gulecha<\/span>, <span style=\"font-style: italic;\">Associate;<\/span> <span style=\"font-weight: bold;\">Ryan Joseph<\/span>, <span style=\"font-style: italic;\">Associate;<\/span> and <span style=\"font-weight: bold;\">Arya Alexander<\/span>, <span style=\"font-style: italic;\">Associate<\/span>.<\/p>\n<p style=\"margin-bottom: 3%;\"><span style=\"font-weight: bold;\">Anchal Dhir<\/span>, <span style=\"font-style: italic;\">Partner;<\/span> provided strategic inputs on the transaction.<\/p>\n<p style=\"margin-bottom: 3%;\"><span style=\"font-weight: bold;\">Sindhushri Badarinath<\/span>, <span style=\"font-style: italic;\">Partner;<\/span> with assistance from <span style=\"font-weight: bold;\">Krithika Radhakrishnan<\/span>, <span style=\"font-style: italic;\">Principal Associate<\/span>, <span style=\"font-weight: bold;\">Faiza Khan<\/span>, <span style=\"font-style: italic;\">Principal Associate;<\/span> <span style=\"font-weight: bold;\">Shivika Gupta<\/span>, <span style=\"font-style: italic;\">Associate;<\/span> and<span style=\"font-style: italic;\"><\/span>  <span style=\"font-weight: bold;\">Nilavan S<\/span>, <span style=\"font-style: italic;\">Associate;<\/span> assisted with  employment law related aspects of the transaction.<\/p>\n<p style=\"margin-bottom: 3%;\"><span style=\"font-weight: bold;\">Arun Prabhu<\/span>, <span style=\"font-style: italic;\">Partner (Co-Head &#8211; Digital | TMT);<\/span>  with assistance from <span style=\"font-weight: bold;\">Arpita Sengupta<\/span>, <span style=\"font-style: italic;\">Principal Associate<\/span>, <span style=\"font-weight: bold;\">Mansi Jain<\/span>, <span style=\"font-style: italic;\">Associate;<\/span> and <span style=\"font-weight: bold;\">RS Sanjanaa<\/span>, <span style=\"font-style: italic;\">Associate;<\/span> assisted with IP and IT related aspects of the transaction.<\/p>\n<p style=\"margin-bottom: 3%;\"><span style=\"font-weight: bold;\">Avaantika Kakkar<\/span>, <span style=\"font-style: italic;\">Partner (Head &#8211; Competition)<\/span> assisted on certain diligence aspects.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p style=\"font-style: italic;\">Cyril Amarchand Mangaldas advised Vixar on its acquisition of a shareholding in Bloombay Enterprises Private Limited, which operates The Belgian Waffle Co., one of India&#8217;s leading dessert-focused QSR brands with over 700 outlets across 250 cities.<\/p>\n","protected":false},"author":67011,"featured_media":371467,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[45282,2],"tags":[96043,96048,96047,30960,96049,96046,96050,96045,96044,96042],"class_list":["post-371466","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-law-firms-news","category-news","tag-bloombay-enterprises-private-limited","tag-cam-private-equity-advisory","tag-consumer-retail-investment","tag-cyril-amarchand-mangaldas","tag-employment-law-advisory","tag-food-and-beverage-ma-india","tag-ip-and-it-due-diligence","tag-qsr-acquisition-india","tag-the-belgian-waffle-co","tag-vixar-investment"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.4 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Cyril Amarchand 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