L Catterton Invests in Nandhana Foods to Drive South Indian Restaurant Expansion
Investment firm L Catterton has signed a definitive agreement to invest in South Indian restaurant group Nandhana Foods, backing its next phase of growth across India.
TextaàInvestment firm L Catterton has entered into a definitive agreement to invest in Nandhana Foods, the South Indian restaurant group with more than three decades of operating history, as it targets further growth in India's expanding food-services market.
The investment will support Nandhana Foods' expansion and provide access to L Catterton's restaurant-sector expertise and operating capabilities. Financial details of the transaction were not disclosed.
Deal snapshot
| Item | Detail |
|---|---|
| Investor | L Catterton |
| Brand | Nandhana Foods |
| Cuisine focus | South Indian |
| Operating history | 30+ years |
| Deal status | Definitive agreement signed |
"Nandhana Foods' founding family has built a distinctive and scalable business with a strong consumer proposition and attractive unit economics," said L Catterton partner Vikram Kumaraswamy. "We believe there is significant headroom for additional growth by further deepening and broadening its presence in South India and penetrating other markets."
L Catterton has invested in around 30 restaurant businesses globally, including Dishoom, PF Chang's, Velvet Taco, Baja Fresh and Mendocino Farms.
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