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Coffee Day Global in talks to sell firm to TPG Capital: report

Aug 28, 2019 18:50 IST

Coffee Day Global Limited is reportedly in a discussion with private equity firm TPG Capital to sell the company, in a bid to reduce debt. According to the Economic Times report, the firm the proposed transaction is expected to value the coffee chain between ₹3,500-4,000 crore, however, the transaction will not include its vending machine business. Coffee Day Global has a total debt of ₹1,100 crore and has recently sold a tech park in Bengaluru to Blackstone Group for about ₹2,600-3,000 crore to help clear its debt position.

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