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☆ Warburg Pincus to invest in Everise, valuing US healthcare outsourcing company at $1bln
▼ + stars: | 2023-10-03 | by ( Yantoultra Ngui | Thomson Reuters | Yantoultra Ngui Is A Southeast Asia Deals Correspondent With Reuters In Singapore | ) www.reuters.com time to read: +2 min

"We have continued to see strong underlying demand for quality customer experience, driven by an increasing outsourcing trend across the global healthcare industry," Warburg Pincus' Mumbai-based managing director Viraj Sawhney said in the statement. Warburg Pincus has invested in the healthcare sector for over five decades and counts Ensemble Health Partners, which offers revenue cycle management for healthcare firms, and U.S consumer healthcare navigation company Quantum Health among its portfolio companies, according to the statement. The entry of Warburg Pincus into Everise will see Singapore-headquartered private equity firm Everstone Group exiting the company, according to the statement, which said the transaction is expected to close by the end of this year. Founded in 2016, Everise has over 19,000 employees in eight markets from Singapore to India, according to its website. Brookfield, with some $850 billion in assets under management, agreed to buy into Everise from Everstone in 2020.

Persons: Warburg Pincus, Everise, Viraj Sawhney, Yantoultra Ngui, Kane Wu, Catherine Evans, Emelia Organizations: Health Partners, Quantum Health, Everstone Group, Brookfield, Thomson Locations: SINGAPORE, Everise, U.S, Brookfield, Mumbai, Singapore, India, Everstone

☆ Subway India is now charging extra for a cheese slice
▼ + stars: | 2023-08-11 | by ( ) edition.cnn.com time to read: +2 min

Reuters —Subway sandwiches in India will no longer come with the option of a free cheese slice following revisions to its menu that analysts say are more about cost-cutting than just a matter of taste. They now charge 30 rupees ($0.40) extra for the cheese slice in most sandwiches, but are offering a free “cheezy” sauce instead. Subway has “replaced the cheese slice with liquid cheese blend … You just lost a loyal customer,” one unimpressed customer, Sumit Arora, wrote on X, the social media platform formerly known as Twitter. A Subway store manager in New Delhi told Reuters the new cheese sauce costs 400 rupees per kilogram. If a customer adds the cheese slice — which was once free — it will now cost up to 15% more.

Persons: Domino ’, “, ”, Sumit Arora, Mayur, Karan Taurani Organizations: Reuters, Subway India, Brands, Twitter, India’s, Subway Locations: India, Nepal, New Delhi

☆ Subway India takes away free cheese slice, offers sauce as inflation bites
▼ + stars: | 2023-08-11 | by ( Riddhima Talwani | ) www.reuters.com time to read: +3 min

They now charge 30 rupees ($0.40) extra for the cheese slice in most sandwiches, but are offering a free "cheezy" sauce instead. Subway has "replaced the cheese slice with liquid cheese blend ... You just lost a loyal customer," one unimpressed customer, Sumit Arora, wrote on X, the social media platform formerly known as Twitter. A Subway store manager in New Delhi told Reuters the new cheese sauce costs 400 rupees/kilogram. A cheese slice, said Culinary Brands' marketing head Mayur Hola, "can be added on at a small cost". A Subway sandwich costs around 200-300 rupees ($2.4 to $3.6) in India, and if a customer adds the cheese slice - which was once free - will now cost up to 15% higher.

Persons: Andrew Kelly, Everstone, Sumit Arora, Mayur, Karan Taurani, Riddhima Talwani, Varun Vyas, Jatindra, Saurabh Sharma, Aditya Kalra, Simon Cameron, Moore Organizations: REUTERS, Subway, Brands, Twitter, Reuters, India’s, Thomson Locations: Manhattan , New York City, U.S, India, DELHI, Nepal, New Delhi, Bengaluru, Bhubaneswar, Lucknow

A Subway outlet at a Delhi airport terminal announced the "Temporary Unavailability of TOMATOES" in a sign saying the restaurant could not get enough supply that passed its quality checks. Two weeks ago McDonald's restaurants in India dropped tomatoes from their burgers and wraps in many parts of India due to quality issues. In the capital New Delhi, tomatoes was retailing for about 168 rupees ($2.05) a kg (93 cents a pound) on Saturday, after touching around 240 rupees. The government blames the higher prices of tomatoes on a lean production season as monsoon rains disrupt transport and distribution. The government in recent weeks has organised mobile vans to supply tomatoes at cheaper rates, with hundreds queuing each day.

Persons: Krishn Kaushik, Riddhima Talwani, Aditya Kalra, Sriram Mani, Dhwani Pandya, Praveen Paramasivam, Euan Rocha, William Mallard Organizations: Subway, Brands, KFC, Thomson Locations: DELHI, Subway India, Delhi, New Delhi, Uttar Pradesh, Chennai, India

☆ Everstone explores stake sale in India and Indonesia's Burger King franchisee - sources
▼ + stars: | 2022-10-14 | by ( Yantoultra Ngui | ) www.reuters.com time to read: +2 min

SINGAPORE, Oct 14 (Reuters) - Private equity firm Everstone Capital is considering selling its stake worth $314 million in Restaurant Brands Asia Ltd (RESR.NS), the master franchisee of Burger King in India and Indonesia, two sources with knowledge of the matter told Reuters. Everstone Capital, through its investment vehicle QSR Asia Pte Ltd holds a 40.9% stake in Restaurant Brands, according to Refinitiv data. Register now for FREE unlimited access to Reuters.com RegisterEverstone Capital declined to comment and Restaurant Brands Asia did not respond to Reuters queries seeking comment. Restaurant Brands Asia had a market value of $768 million based on Friday's price of 129 Indian rupees. read more read moreRestaurant Brands Asia, formerly known as Burger King India Ltd, was incorporated in 2013 following a partnership formed between Everstone and Burger King Worldwide Inc to develop the fast-food chain's presence in India.

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