Latham Advises Travel Food Services in US$233 Million IPO

Latham & Watkins has advised as issuer’s international counsel on Travel Food Service’s public offering (IPO) on the Bombay Stock Exchange (BSE) and the National Stock Exchange of India Limited (NSE).

Travel Food Services is a joint venture between K Hospitality Corp, one of India's leading diversified food service companies, and SSP Group plc, a global leading operator of food and beverage outlets in travel locations.

Latham also advised SSP Group plc on pre-IPO structuring aspects.

The Latham team was led by Singapore partner Rajiv Gupta and London partner Mark Austin, with London counsel Medha Vinayak Marathe, and associates Bijun Huang, Sirada Chayabunjonglerd, Frederick Gardner, and Kirill Grishin. Advice was also advised on tax matters by Chicago partner Enrique Rene de Vera; and on 40 Act matters by Chicago partner Laura Ferrell.

ABOUT TRAVEL FOOD SERVICES

Travel Food Services Limited (TFS), a prominent leader in the food and beverage (F&B) industry, operates in over 380 F&B outlets and 27 Lounges in 19 cities, at major travel hubs across India and globally. Dedicated to transforming travel experiences, TFS enhances airport spaces with diverse cuisines and innovative dining concepts.

ABOUT LATHAM’S INDIA PRACTICE

With over 20 years of experience advising on Indian debt and equity capital markets transactions, Latham has one of the largest and most active India practices among international law firms. The multi award-winning practice comprises more than 50 lawyers globally, and the team has advised on India-related matters with a combined value in excess of US$100 billion since 2018.