Everstone Capital, Verlinvest Buy Over 90 Percent in Restaurant Firm Harry’s Holdings (Asia)

Source: VCCircle  |  Author: Diksha Dutta

India-based private equity firm Everstone Capital and Belgian family office Verlinvest have invested in Singaporean restaurant management firm Harry’s Holdings. Everstone and Verlinvest purchased 90 percent of the public shares of the Singapore Stock Exchange-listed firm through a special purpose vehicle owned by Everstone, F&B Asia Ventures. Under Singaporean securities law, as the public holding fell below 10 percent, trading of Harry’s Holdings has been suspended and the remaining public shareholders were required to sell their shares to F&B Asia Ventures. Additional financial details of the transaction were not disclosed.