Asia PEs to invest in market-bound Sapphire, valuing Pizza Hut operator at $540 mn

Two Hong Kong-based secondaries private equity firms are likely to invest in Sapphire Foods India Pvt Ltd., one of the largest franchisees for Yum! Brands’ KFC, Pizza Hut and Taco Bell restaurants in the Indian subcontinent, a person in direct knowledge of the deal told VCCircle.  NewQuest Capital Partners and TR ......