Everstone Capital has sold more than half its stake in Restaurant Brands, while Peepul Capital is considering selling its stake in Unibic Foods’s India unit.

Everstone offloads 25.36% stake in Restaurant Brands

Private equity firm Everstone Capital has sold more than half its stake in Restaurant Brands, the master franchisee of Burger King in India and Indonesia, reported VCCircle.

The firm has sold 25.36% of its stake in Restaurant Brands, owning 15.44% of the company after the sale, added the report.

Everstone Capital was in talks to sell its roughly 41% stake in Restaurant Brands in May this year. The PE firm has been looking to sell its stake since October last year, according to Reuters.

Peepul Capital weighs Unibic exit

India-based private equity firm Peepul Capital is considering selling its stake in Unibic Foods’s India unit, reported VCCircle.

In 2012, Peepul Capital acquired a majority stake in the company for close to Rs 100 crore. The firm acquired Lighthouse’s stake in Unibic India five years after that.

Founded in 2000, Peepul Capital is an India-focused, sector-agnostic, growth-oriented private equity firm with $700 million under management.