Venture capital and private equity firm Falcon House Partners has bought a stake in Indonesia’s bakery and pastry chain The Harvest Patissier & Chocolatier.
Its investment runs to eight figures, according to Deal Street Asia.
Founded in 2004, The Harvest has 30 outlets across the nation, including Bali. Founder Lal De Silva, a former chef, has been looking at Malaysia, Thailand and the Philippines for expansion.
His first venture was Negev, a fine-dining restaurant in Jakarta, followed by French restaurant Chateau Blanc, which closed after a few years. The Harvest is owned by Indonesian F&B group Mount Scopus Indonesia.
Falcon House Partners specialises in growth capital and middle-market investments, primarily in the consumer industry, including retail, food products, personal-care products and healthcare. A few years ago it acquired a stake in Chinese restaurant Ta Wan in Jakarta.
A former Indonesian Bank Restructuring Agency chairman, Glenn Yusuf, founded Falcon House Partners in 2011 along with Brian O’Connor and Samir Soota.