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Exclusive | KFC, Pizza Hut Operator Sapphire Foods Eyes 2021 IPO; Backed By Goldman Sachs, Samara Capital


Exclusive | KFC, Pizza Hut operator Sapphire Foods eyes 2021 IPO; backed by Goldman Sachs, Samara Capital
‘The Burger King wave should work well for Sapphire Foods in terms of valuations and market appetite. As of now, it is planning to file the DRHP with Sebi in Q1FY22’
December 18, 2020 / 07:39 AM IST
Days after the blockbuster market debut of Burger King which has whipped up a frenzy in the QSR (quick-service restaurant) segment, one of the subcontinent’s leading restaurant operators, which is backed by marquee private equity funds, is also looking to grab a bite of the sizzling  IPO market.
Sapphire Foods India Private Ltd, which backs top brands like KFC, Pizza Hut and Taco Bell and is one of the largest franchisees of Yum! Brands Inc, has initiated preliminary discussions with investment bankers for a potential listing in 2021, sources with knowledge of the matter told Moneycontrol. ....

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