L Catterton Announces Investment in Nandhana Foods
L Catterton, the largest global consumer-focused investment firm, has entered into a definitive agreement to invest in Nandhana Foods, a prominent restaurant group specializing in South Indian cuisine. The investment aims to support Nandhana Foods' next phase of growth and scale by leveraging L Catterton's expertise and operating capabilities. The deal comes as the South Indian food services segment experiences strong growth driven by rising dining-out expenditure, increased food delivery usage, and more consumption occasions. Nandhana Foods has built a loyal customer base over three decades through its focus on authenticity, quality, freshness, and menu variety. L Catterton partner Vikram Kumaraswamy praised the company's disciplined expansion strategy and potential for further growth in South India and beyond. Nandhana Foods founder Dr R. Ravichandar expressed confidence in partnering with L Catterton due to its global track record of building successful restaurant brands, including Dishoom, P.F. Chang’s, and others.
Topics: consumer-focused investments food services restaurant industry