Inspira Global has completed its acquisition of Restaurant Brands Asia (RBA), the operator of Burger King in India and Burger King and Popeyes in Indonesia, marking the close of one of the largest transactions in India's quick-service restaurant (QSR) sector.
The transaction, executed through Inspira Global's food and beverage platform Lenexis Foodworks, was completed following the conclusion of the mandatory open offer, receipt of regulatory approvals and fulfilment of customary closing conditions.
Valued at approximately ₹2,235 crore, the deal gives Inspira Global a 41.78% stake in Restaurant Brands Asia. Upon the exercise of all warrants, its shareholding is expected to increase to 48.04% through an additional equity infusion of ₹450 crore.
As part of the transaction, the company's board has appointed Madhusudan Agrawal as Chairman and Aayush Agrawal as Non-Executive Director.
Restaurant Brands Asia will continue to operate the Burger King and Popeyes brands under its existing master franchise and development agreements with Restaurant Brands International, with the Burger King agreements for India and Indonesia recently extended until 2050.
Commenting on the completion of the transaction, Madhusudan Agrawal, Chairman, Restaurant Brands Asia Limited, said, "Today marks the beginning of an exciting new chapter for Restaurant Brands Asia. We are inheriting a business built on strong brands, exceptional people and sound operating fundamentals. Our role is not to change what has made the business successful, but to strengthen it with patient capital, disciplined governance and a long-term perspective. We are committed to working closely with the existing leadership team to build on this strong foundation and create enduring value for our shareholders, employees, franchise partners and customers."
Aayush Agrawal, Director, Restaurant Brands Asia Limited, said, "This acquisition reflects our conviction in India's long-term consumption story and our belief that enduring businesses are built through operational excellence, customer obsession and disciplined execution. We have tremendous respect for what the existing leadership team has built and look forward to working together to accelerate the next phase of growth to build one of the most admired food service businesses in the region."
With the fresh equity infusion and new leadership, Restaurant Brands Asia said it will continue to focus on expanding its restaurant network, investing in technology and digital capabilities, strengthening operational excellence and enhancing customer experience across its markets.
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