Two private equity funds likely to invest in Cafe Coffee Day

Cafe Coffee Day

Two private equity funds are planning to make an investment in the cafe chain Coffee Day group after the troubled company cleared a third of its debts to lenders and other lenders recently.

Cafe Coffee DaySingapore-based SSG Capital Management and Affirma Capital (formerly Standard Chartered PE) are exploring opportunities and amongst the leading names to look for possible investments options in Coffee Day Global (CDGL), a subsidiary of the listed entity Coffee Day Enterprises,suggest sources.

CDGL manages cafe, vending machines and other retail business. Affirma, KKR and NSR are stakeholders in the listed company.

As reported ET retail, top executives of SSG and Affirma spread have had a couple of video-conferencings with the top management of Coffee Day group, including Malavika Hegde, wife of group founder, the late VG Siddhartha. Talks, however, have been inconclusive.

Sources reveal that the investments will either be structured credit or pure equity infusion, which needs to be finalised.

Elets The Banking and Finance Post Magazine has carved out a niche for itself in the crowded market with exclusive & unique content. Get in-depth insights on trend-setting innovations & transformation in the BFSI sector. Best offers for Print + Digital issues! Subscribe here➔

Get a chance to meet the Who's who of the NBFCs and Insurance industry. Join Us for Upcoming Events and explore business opportunities. Like us on Facebook, connect with us on LinkedIn and follow us on Twitter, Instagram & Pinterest.