Deals Buzz: Trouble brews as key Coffee Day lender Yes Bank stalls Blackstone deal

Mumbai: Mint brings you your dose of the top deals news, reported from newsrooms across the country Trouble brews as key Coffee Day lender Yes Bank stalls Blackstone deal Coffee Day Group’s proposed sale of its Global Village Technology Park to private equity firm Blackstone Group Llp has hit a hurdle, with the debt-laden group’s largest creditor, Yes Bank, signalling its reluctance to give approval to the ₹2,800 crore deal, Mint reported citing three people familiar with the sale process. Stride Ventures marks first close of ₹500 crore venture debt fund Stride Ventures, which provides loans to startups raised ₹100 crore to mark the first close of its maiden venture debt fund, Mint reported. Advent, Bain, GIC in talks to sell stake in Quest Global Private equity firms Advent International and Bain Capital as well as Government of Singapore Investment Corp are in preliminary talks for a partial or full exit of their stake in engineering services firm Quest Global, valuing the Singapore-headquartered company founded by Indian entrepreneurs at around $2.5 billion, The Economic Times reported citing multiple sources close to the negotiations. Park Hotels plans to raise ₹1,000 crore via IPO The Park Hotels, managed by the Apeejay Surrendra Group, is planning a ₹1,000-crore maiden public share sale and will file the initial document, called the draft red herring prospectus, for the issue with the capital markets regulator later this month, The Economic Times reported citing two people aware of the development.