From Moneycontrol · · 1m 30s
Bodhi Tree Buys Majority Stake in Adyar Ananda Bhavan for $180M
Investment platform Bodhi Tree Systems partners with the South Indian food chain to build a global ethnic food brand.
In brief
Investment platform Bodhi Tree Systems partners with the South Indian food chain to build a global ethnic food brand. Bodhi Tree Systems acquired a majority stake in Adyar Ananda Bhavan for $180 million to expand the restaurant chain globally and prepare for a potential public listing. Originally reported by…
Bodhi Tree buys majority stake
Chennai-based Adyar Ananda Bhavan sold a majority stake to Bodhi Tree Systems for $180 million on November 12.
Backed by Murdoch and Shankar
The investment platform is backed by James Murdoch and Uday Shankar to expand the South Indian food chain globally.
Extensive retail and international footprint
Adyar Ananda Bhavan operates around 160 Indian outlets, over 30 international locations, and employs more than 15,000 people.
Uday Shankar named board chairman
Following the transaction, co-investor Uday Shankar will take over as chairman of Adyar Ananda Bhavan's board of directors.
Preparing for public market listing
Bodhi Tree Systems plans operational and technology investments while preparing the restaurant chain for a potential public market listing.
Fifty years of brand history
Co-founder K T Srinivasa Raja noted the business began 50 years ago as a sweet shop with his brother.
“What began as a sweet shop started by my brother and me 50 years ago is now part of daily life for millions of families”
Global presence drives future expansion
Murdoch and Shankar highlighted international outlets in Singapore, the US, Australia, Malaysia, and the UK for global brand expansion.
VedaCorp advises on the deal
Financial advisory firm VedaCorp advised on the transaction, which aims to take the brand to a wider global audience.
The key point
Bodhi Tree Systems acquired a majority stake in Adyar Ananda Bhavan for $180 million to expand the restaurant chain globally and prepare for a potential public listing.
