PremjiInvest, Carlyle in talks for stake in JSM Corp

JSM Corp (www.jsmcorp.in) run by Jay Singh and Sanjay Mahtani, owns and operates Shiro (UB City, Bangalore, Delhi & Mumbai), all Hard Rock Cafes (www.hardrock.com) in India, all California Pizza Kitchen's (www.cpk.com) in India. In the industry, Sanjay and Jay are considered to be the folks who have really figured out the restaurant business in India and are known for their uncompromising execution skills. 

Article Credit: Times of India, Bangalore Edition (Thursday, April 12, 2012)

PremjiInvest, Carlyle in talks for stake in JSM Corp
Private-equity funds including Carlyle Group and Sequoia Capital are in separate talks to invest about $40 million to $50 million in JSM Corp, which operates the Indian franchises of Hard Rock Cafe and California Pizza Kitchen, two sources with knowledge of the matter said. 
JSM Corp, which runs 12 outlets across different brands, is looking to raise capital to expand its networks and operations, said the sources, who declined to be named as the discussions are not yet public. Premji Invest, the venture capital arm of Indian software services exporter Wipro, and New Silk Route, an Asia-focused private-equity firm, are also in talks to buy a "significant minority holding" in the company, said the Sources. 
JSM Corp, PremjiInvest and Carlyle did not respond to emails seeking comment. Sequoia and New Silk Route declined to comment. 
The company plans to set up 60-80 outlets of California Pizza Kitchen in the next three-four years, and is also looking to expand the other brands, the sources said. REUTERS