In a major consolidation move in India’s quick service restaurant (QSR) sector, Inspira Global, which owns the Chinese Wok brand, is set to acquire Restaurant Brands Asia (RBA), the operator of Burger King in India.
Everstone to exit with Rs 460 crore deal
As part of the transaction, private equity firm Everstone Capital will exit RBA by selling its entire 11.3 per cent stake for around ₹460 crore. Everstone held its stake through its investment vehicle QSR Asia. The deal values RBA at nearly a 10 per cent premium to its closing share price of ₹64 on the BSE on Tuesday.
Fresh capital infusion planned
Inspira Global, promoted by Aayush Agrawal and Madhusudan Agrawal, has also proposed a significant capital infusion into RBA. This includes about ₹900 crore through a preferential allotment of equity shares and ₹600 crore via preferential allotment of warrants, according to regulatory filings.
Strengthening presence in QSR space
RBA currently operates over 575 Burger King outlets in India and Indonesia, and also runs the Popeyes brand in Indonesia. Burger King competes with major global QSR players such as McDonald’s and KFC in the Indian market.
The acquisition comes at a time when the QSR sector is witnessing a slowdown due to subdued consumer spending. Despite this, Inspira Global sees long-term potential in expanding its food and beverage portfolio.
Building on Chinese Wok success
Through its food and beverage arm Lenexis Foodworks, Inspira Global already operates more than 250 Chinese Wok restaurants across over 45 cities in India. The acquisition of RBA is expected to significantly expand Inspira’s footprint and market share in the QSR segment.
“The investment strengthens our focus on consumer businesses and deepens our presence in the high-growth QSR segment,” said Aayush Agrawal, highlighting the group’s emphasis on brand stewardship and operational excellence.