Family offices in Europe are increasingly focusing on investment opportunities in India, in a bid to take advantage of the country’s rapid economic growth.
In Belgium, Verlinvest, the family office of one of Anheuser-Busch InBev’s founding families, recently bought a fifth of Cuisine Asia, a company controlling a number of restaurant chains across India.
The deal came less than two years after Verlinvest’s first investment in India. In November 2010, the firm acquired a 15% stake in winemaker Sula Wine.