Lakeshore Sells Santa Fe to Singha Corporation for USD50 Million
Posted On: 04 Oct 2019 | Source: Asian Venture Capital Journal | Author(s): Justin Niessner
Thailand-focused growth equity fund manager Lakeshore Capital has sold its stake in Thailand-based steakhouse chain Santa Fe to Singha Corporation, a Thailand-based food and beverage conglomerate, for USD50 million. Through the exit, which is part of Singha’s acquisition of a 90 percent stake in Santa Fe, Lakeshore reportedly generated a 2.75x return multiple. Lakeshore originally invested USD4.5 million in Santa Fe in early 2015 through its debut fund.