Arisaig Partners ups stake in McDonald’s franchisee Westlife to 6.9% for $29M more

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Emerging markets-focused investment firm Arisaig Partners, which chases investments in public-listed consumer-facing companies, has raised its holding in Westlife Development Ltd, one of the two master franchisees of McDonald’s in India.The investor has picked up additional shares in the open market for an estimated Rs 185 crore ($29 million), raising ......