Dubai based Dodsal Group, which owns Pizza Hut chains in South and West India, will sell its food and fine dining company and has appointed boutique investment bank Euromax Capital to scout for buyers.
Kilachand family, the owners of Dodsal, has decided to focus on its engineering and construction business in the Middle East, and exit the quick service food business which it operates with 86 retail restaurants.
This is the second attempt, “this time the promoters are looking to sell the entire company,” an investment banker with knowledge of the development said. The company is being valued at around Rs 180-200 crore, or 10 times, its earnings before interest, tax, depreciation and amortisation or operating profit.