Industry Newsroom

Haldiram Bhujiawala Acquires Majority Stake in Pan India Food Solutions from Everstone Capital

Haldiram Bhujiawala, the eastern India arm of India-based snack foods producer Haldiram, has acquired all brands of India-based restaurant operator Pan India Food Solutions from Everstone Capital, an India-focused private equity firm. Everstone established Pan India Food Solutions, which operates under the Blue Foods brand, to house its India franchise business of coffee chain The Coffee Bean & Tea Leaf and ice cream parlor Gelato Italiano Everstone sold all 90 coffee and ice cream stores, as well as several nonoperational brands in the deal. Financial details of the transaction were not disclosed.