Processing .....please wait.. 
The article has been forwarded.... 
Coffee Day Holdings to raise $90 Million via PE
By siliconindia
Bangalore: Bangalore based Coffee Day Holdings, which is into coffee exports and retailing, wealth management and hospitality, is planning to raise around $90 million (
450 crore) through the private equity (PE)route.
The 800 crore company which is known for its nation-wide Cafe Coffee Day coffee chain, will raise this amount to partly replace the $150 million debt which it had raised from Deutsche Bank and Darby Investments, a private equity arm of Franklin Templeton. Coffee Day had raised this debt in two tranches during end of 2007 and early 2008. The company will also be using these funds to expand its chain of coffee bars and also to expand its fledgling hospitality business.
Coffee Day Holdings is the holding firm for Amalgamated Bean Coffee Trading Company, the coffee-growing and exporting business, Cafe Coffee Day, Coffee Day Hotels and Resorts, retail broking firm Way2Wealth, Global Technology Ventures (venture capital) and Tanglin Development, the real estate arm which has set up software parks in Bangalore, Mysore and Mangalore.
Promoted by V G Siddhartha, who started out as a coffee exporter having estates in Chikmagalur, around 250 kms from Bangalore, Coffee Day Holdings was set up during last year to consolidate promoter's holding in these firms.
450 crore) through the private equity (PE)route.
The 800 crore company which is known for its nation-wide Cafe Coffee Day coffee chain, will raise this amount to partly replace the $150 million debt which it had raised from Deutsche Bank and Darby Investments, a private equity arm of Franklin Templeton. Coffee Day had raised this debt in two tranches during end of 2007 and early 2008. The company will also be using these funds to expand its chain of coffee bars and also to expand its fledgling hospitality business.
Coffee Day Holdings is the holding firm for Amalgamated Bean Coffee Trading Company, the coffee-growing and exporting business, Cafe Coffee Day, Coffee Day Hotels and Resorts, retail broking firm Way2Wealth, Global Technology Ventures (venture capital) and Tanglin Development, the real estate arm which has set up software parks in Bangalore, Mysore and Mangalore.
Promoted by V G Siddhartha, who started out as a coffee exporter having estates in Chikmagalur, around 250 kms from Bangalore, Coffee Day Holdings was set up during last year to consolidate promoter's holding in these firms.
