Anjan Chatterjee mentions an upcoming acquisition in the CNBC interview. Any guesses on who the target is?
What we know for sure (from Anjan in the interview) is
- It’s a Chinese restaurant chain based in India that is profitable and not more than 500 Cr in size but not very small as well
- It’s a well-known brand as he mentioned both the anchors would know of it
- Someone experiencing growth troubles as he said the reason to join the force is to figure out growth and scale from Speciality
Here are some of my extrapolations from his statements -
- On the size I would guess the number to be 100-250 Cr with a turnover of maybe 20-50 Cr to make sense to Speciality’s scale
- Present across multiple cities would be preferred by Speciality over a chain concentrated in only one Geography. If it’s a single geography, then that’s Mumbai, as both anchors wouldn’t know of it otherwise (I am assuming CNBC’s anchors are based out of Mumbai)
My pick is China Gate which is popular in Mumbai. Another possibility can be Wow!China but that’s a slim chance as it’s part of the much larger Wow!Momo group and is comparatively large.
Please share your thoughts. What other possible chains do you think can be targeted based on the above points ?
Obviously, I am highly probably going to be wrong in my guess and please do your own due diligence if you are looking to invest.
Disc - Not Invested, tracking
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