Cyril Amarchand Mangaldas is acting as legal counsel to QSR Asia Pte. Ltd. and Restaurant Brands Asia Limited in relation to the acquisition of controlling interest in the Company by Lenexis Foodworks Private Limited

CAM is acting as legal counsel to Restaurant Brands Asia Limited (“Company”) and QSR Asia Pte. Ltd. (majority owned by Everstone Capital) in relation to acquisition of a controlling interest in the Company by Lenexis Foodworks Private Limited (the food and beverage arm of Inspira Global). The deal includes the sale of an 11.26 % stake for approximately INR 460 crores by the existing promoter and member of promoter group of the Company, namely QSR Asia Pte. Ltd. and F&B Asia Ventures (Singapore) Pte. Ltd., along with a proposed infusion of nearly INR 1,500 crores via subscription to equity shares and warrants of the Company by way of a preferential issue, triggering an open offer for an aggregate consideration of upto INR 3416 crores.

The transaction team advising QSR Asia Pte. Ltd. and the Company was led by Shubham Rastogi, Partner; with assistance from Swini Khara, and Varun Kannan, Senior Associates, and Coral Shah, Associate.

Anchal Dhir, Partner, provided strategic inputs on the transaction.

Avaantika Kakkar, Partner (Head-Competition) assisted with preliminary assessment on competition law aspects with assistance from Pushkar Singh, Associate.

About Cyril Amarchand Mangaldas

Cyril Amarchand Mangaldas (CAM) is India’s leading law firm with a global reputation of being trusted advisers to its clients. The Firm advises a large and diverse set of clients, including domestic and foreign commercial enterprises, financial institutions, private equity and venture capital funds, start-ups, government and regulatory bodies. The Firm’s generalists, specialists and senior ex-regulators expertly guide clients across a spectrum of transactions, sectors and regulations. With over 1100 lawyers including 220 Partners, the Firm is a full-service law firm with offices in key business centres at Mumbai, Delhi-NCR, Bengaluru, Ahmedabad, Hyderabad, Chennai, GIFT City, Singapore and Abu Dhabi.

The Firm has been named “Law Firm of the Year 2025” and consistently recognised as “Best Overall Law Firm” by the IBLJ Indian Law Firm Awards. It received “National Law Firm of the Year: India” at the IFLR Asia-Pacific Awards for the second consecutive year in 2023 and 2022 and “Innovation in Advancing Markets” award at the FT Innovative Lawyers Asia Pacific 2022 Awards. The Firm also won “India Deal Firm of the Year” at the ALB India Awards and “Firm of the Year” at the IFLR1000 India Awards in 2022.