A consortium led by Mauritius-based Kohlberg Kravis Roberts has invested in Coffee Day Resorts as a part of a $200 million (Rs. 910 crore) investment. Promoted by V.G. Siddhartha, son-in-law of the Union Minister for External Affairs, S.M. Krishna, Coffee Day is involved in a range of businesses including hospitality, SEZs, IT parks, resorts, cafes and solid waste management, through itself and its subsidiaries.

Reports indicate that Coffee Day is likely to use some of the money to grow its resort business down south where it runs semi-luxury resorts in Chikmanglur and in and around Mangalore. While the total investment by KKR is undisclosed, sources inform us that it is investing about $100 million (Rs. 455 crore) in the company.

AZB’s Mumbai based partner, Darshika Kothari led the team in advising KKR as domestic counsel while Simpson, Thacher & Bartlett were the international counsel. The newly formed Dua Associates’ break away, Tatva Legal, led by Bangalore-based corporate Partner, N.K. Dilip advised Coffee Day.