Indian QSR operator Jubilant Foodworks acquires minority stake in nutrition company Wellversed

INDIA – Jubilant Foodworks Ltd (JFL), a leading Indian quick service restaurants operator has acquired 25 per cent stake in Gurugram-based nutrition company Wellversed Health.  Wellversed Health offers a variety of food products that are customised for specific nutrition and dietary needs including gluten-free, keto, vegan, high-protein, diabetic conditions, and regular immunity.  According to a regulatory filing by JFL to the stock exchanges, the net revenue of Wellversed in fiscal 2019-20 was Rs 4.89 crore (US$663542).    Following the acquisition, Jubilant FoodWorks will have the right to nominate one non-retiring director to the board of Wellversed, and an observer…

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India’s Jubilant Foodworks to enter European fast food franchise business through acquisition of Dutch firm

INDIA – Jubilant Foodworks Limited (JFL), which operates Domino’s Pizza and Dunkin Donuts in India, is poised to enter the European fast food chain business through an acquisition of Netherlands-based firm, Fides Food System. According to report by Economic Times India, the acquisition of Fides Food System will be made through the company’s wholly owned subsidiary – Jubilant Foodworks Netherlands BV at a cost of US$34.78 millon. Fides (currently owned by Turkish Private Equity Fund II LP) holds 32.81% equity shares in DP Eurasia NV, which is the exclusive master…

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