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Exclusive: CX Partners-backed Barbeque Nation appoints merchant bankers for IPO

Shah Junaid/VCCircle

CX Partners-backed casual dining chain Barbeque Nation Hospitality Ltd (BNHL) has appointed merchant bankers for an initial public offering (IPO) which will make the Bengaluru-headquartered company the first restaurant firm to float a public issue in more than five years, two persons aware of the development told VCCircle. SAIF Partners-backed fine dining chain operator Speciality Restaurants Ltd—which runs 62 food and beverage outlets in India, including popular brands such as Mainland China, Oh! Calcutta and Sweet Bengal—went public in May 2012. Kolkata-based Speciality Restaurants had mobilised over Rs 175 crore and joined listed peer such as Domino’s Pizza India licensee,...

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