Aimed at investing in the listed consumer service business in emerging market, Arisaig Partners this time finds potential in India’s McDonald’s franchisee Westlife. The investment management company has invested $30 million and picked up 3.5 per cent stake in the company that handles South West franchisee of McDonalds in India.
The BSE listed Westlife has been valued a bit over Rs 5000 and the fund will be allotted 5.4 million shares at Rs 333.05 a piece, Westlife said in a statement. These funds will be utilised for company’s medium term strategies to add another 100 stores in the next two years.
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