- December 15, 2017 / 2 min readAmlani owned about 30% of the stake in Impresario earlier.
French luxury goods conglomerate LVMH’s investment arm L Catterton Asia has acquired majority stake in restaurateur Riyaaz Amlani’s Impresario Entertainment & Hospitality, promoter of fine dining restaurant brands Smoke House Deli and Social.
The deal has been structured with primary infusion of capital and a secondary share sale. The latter involves existing investors exiting the company or diluting their stakes.
Confirming the development, L Catterton Asia managing partner Ravi Thakran said, “We are delighted to partner with Riyaaz Amlani and Impresario Restaurants to build Social and Smoke House Deli into iconic food and beverage brands both in India and abroad".
Prior to the deal with L Catterton, Amlani owned about 30% of Impresario, while PE investor Beacon India Investors held 36% and restaurant player Mirah Hospitality owned 16%. The remaining stake is split among other smaller investors.
Amlani said, “I’m thrilled to partner with L Catterton which specialises in consumer investing worldwide and have had significant experience and success building F&B brands such as Crystal Jade, Ce La Vi and Cheddar’s Scratch Kitchen”.Trending ArticleDaily UpdatesWhich is the highest format preference of Fun-Seeker?
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