“An entity owned by one of the promoters of Barbeque Nation is in advanced talks to acquire Bengaluru-born Italian casual dining restaurant and wine bar Toscano in a rare M&A deal on the gastronomy street, people directly aware of the matter said. Samar Retail, part of Sara Futura Group, controlled by Barbeque Nation managing director Kayum Dhanani, wants to build a national network for Toscano, founded by two chefs Jean Michel Jasserand and Goutham Balasubramanian more than a decade ago,” according to TOI.

Cyril Amarchand Mangaldas advised Red Apple Kitchen Consultancy Private Limited led by partner Akshay Jeet Bhat.

Also advising was S&R Associates.

2018-06-20

Deal value: Confidential

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