Avan Projects has acquired majority stake in Papa John’s India franchisee Om Pizza and Eats India from its owners, TVS Shriram Growth Fund I and Jawad Group of Bahrain..Advani & Co. advised Avan Projects with a team led by Partners Karam Advani and Kshitij Sancheti along with Associates Pritish Mukherjee and Pearl Boga..Chennai-based Vichar Partners advised Om Pizza and co-owner TVS Sriram with a team led by Partner Aarthi Sivanandh..Avan will take over the management of Papa John’s 20 Indian outlets along with development rights for certain regions. Papa John’s is the world’s third largest pizza delivery company. At the end of the third quarter it had 4,296 restaurants open in 35 countries and territories, reports Mint..Following the acquisition, the current owners of Om Pizza, TVS Shriram and the Jawad Group of Bahrain, will continue to hold a minority stake in the company..Kshitij Sancheti of Advani & Co. said, “The increasing affluence in the food industry and changing lifestyles in India is providing right opportunities for private players to acquire the businesses and take them a notch higher.”.Image from here.
Avan Projects has acquired majority stake in Papa John’s India franchisee Om Pizza and Eats India from its owners, TVS Shriram Growth Fund I and Jawad Group of Bahrain..Advani & Co. advised Avan Projects with a team led by Partners Karam Advani and Kshitij Sancheti along with Associates Pritish Mukherjee and Pearl Boga..Chennai-based Vichar Partners advised Om Pizza and co-owner TVS Sriram with a team led by Partner Aarthi Sivanandh..Avan will take over the management of Papa John’s 20 Indian outlets along with development rights for certain regions. Papa John’s is the world’s third largest pizza delivery company. At the end of the third quarter it had 4,296 restaurants open in 35 countries and territories, reports Mint..Following the acquisition, the current owners of Om Pizza, TVS Shriram and the Jawad Group of Bahrain, will continue to hold a minority stake in the company..Kshitij Sancheti of Advani & Co. said, “The increasing affluence in the food industry and changing lifestyles in India is providing right opportunities for private players to acquire the businesses and take them a notch higher.”.Image from here.
