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www.immassociates.com	
  
	
  
IMM	
  
IMM	
  invest	
  in,	
  establish	
  and	
  develop	
  international	
  consumer	
  brands	
  in	
  India.	
  Our	
  London	
  and	
  New	
  
Delhi	
  offices	
  work	
  as	
  advisors,	
  equity	
  partners	
  or	
  as	
  the	
  licensed	
  operator.	
  We	
  have	
  an	
  exclusive	
  
India	
  focus	
  and	
  have	
  built	
  many	
  successful	
  partnerships	
  with	
  ambitious,	
  high	
  quality	
  companies.	
  
IMM	
  shareholders	
  are	
  family	
  offices	
  and	
  high	
  net	
  worth	
  individuals.	
  
	
  
The	
  Team	
  
IMM	
  is	
  an	
  international	
  business	
  with	
  experienced	
  management,	
  investment	
  professionals	
  and	
  a	
  
young,	
  entrepreneurial	
  team.	
  The	
  team	
  is	
  supported	
  by	
  panels	
  of	
  suppliers,	
  agencies	
  and	
  experts.	
  
	
  
Why	
  we	
  are	
  different	
  
India	
  is	
  an	
  attractive	
  but	
  challenging	
  market	
  where	
  traditional,	
  local	
  partnerships	
  often	
  fail.	
  We	
  
understand	
  the	
  opportunities	
  but	
  are	
  realistic	
  about	
  what	
  it	
  takes	
  to	
  create	
  shareholder	
  value.	
  	
  
	
  
Our	
  approach	
  
IMM	
  move	
  quickly	
  but	
  take	
  a	
  long-­‐term	
  view	
  of	
  India.	
  Over	
  time	
  and	
  across	
  many	
  projects,	
  the	
  team	
  
has	
  developed	
  a	
  methodical	
  approach	
  to	
  all	
  aspects	
  of	
  market	
  set	
  up	
  and	
  ongoing	
  management:	
  
	
  
•   Business	
  planning.	
  We	
  ensure	
  all	
  financial	
  and	
  commercial	
  assumptions	
  are	
  current,	
  based	
  
on	
  front-­‐line	
  realities	
  and	
  validated	
  by	
  our	
  investment	
  experts	
  
•   Contracting.	
  IMM	
  have	
  executed	
  a	
  range	
  of	
  brand	
  agreements	
  based	
  on	
  equity,	
  JV,	
  license	
  
or	
  franchise	
  terms.	
  We	
  believe	
  in	
  the	
  value	
  of	
  simple	
  and	
  flexible	
  structures	
  
•   Corporate	
  set	
  up.	
  We	
  are	
  very	
  familiar	
  with	
  FDI,	
  tax,	
  accounting	
  and	
  repatriation	
  strategies	
  
•   Customisation.	
  IMM	
  understand	
  Indian	
  consumers	
  and	
  how	
  to	
  adjust	
  brand	
  and	
  business	
  
models	
  to	
  establish	
  long-­‐term	
  competitive	
  advantage	
  
•   Asset	
  management.	
  IMM	
  have	
  built	
  multiple	
  businesses	
  in	
  India.	
  We	
  handle	
  governance,	
  
risk,	
  regulatory	
  compliance,	
  recruitment,	
  operations,	
  sales	
  and	
  marketing,	
  technology,	
  
finance	
  and	
  corporate	
  development	
  
•   Managing	
  change.	
  We	
  are	
  an	
  experienced	
  team	
  used	
  to	
  mitigating	
  risks	
  and	
  dealing	
  with	
  the	
  
challenges	
  of	
  operating	
  in	
  this	
  very	
  large,	
  complex	
  and	
  changeable	
  market	
  
	
  
Track	
  Record	
  
The	
  senior	
  team	
  has	
  operated	
  across	
  sectors	
  in	
  India	
  for	
  25	
  years	
  developing	
  a	
  portfolio	
  of	
  market	
  
intelligence	
  and	
  a	
  large	
  professional	
  network.	
  We	
  have	
  worked	
  with	
  many	
  great	
  brands	
  including:	
  
	
  
Jamie	
  Oliver	
  Restaurants.	
  In	
  2015	
  IMM	
  acquired	
  the	
  25	
  year,	
  all	
  India	
  rights	
  to	
  Jamie’s	
  Italian	
  and	
  
Jamie’s	
  Pizzeria.	
  4	
  sites	
  launched	
  in	
  year	
  one	
  with	
  a	
  $15m	
  investment	
  case	
  for	
  50	
  sites	
  in	
  5	
  years	
  
	
  
Wendy’s.	
  In	
  2014	
  IMM	
  acquired	
  the	
  25	
  year,	
  all	
  India	
  rights	
  to	
  Wendy’s,	
  America’s	
  2nd
	
  largest	
  burger	
  
brand.	
  4	
  sites	
  launched	
  in	
  year	
  one	
  with	
  an	
  investment	
  case	
  for	
  200	
  sites	
  over	
  10	
  years	
  
	
  
PizzaExpress.	
  In	
  2011	
  IMM	
  supported	
  the	
  UK’s	
  largest	
  restaurant	
  group	
  launching	
  the	
  brand.	
  IMM	
  
negotiated	
  a	
  JV	
  with	
  a	
  leading	
  Indian	
  business	
  and	
  led	
  all	
  aspects	
  of	
  the	
  successful	
  market	
  entry	
  
	
  
Since	
  2010,	
  IMM	
  has	
  advised	
  well-­‐known,	
  international	
  brands	
  including	
  John	
  Lewis,	
  Agent	
  
Provocateur,	
  Busaba,	
  Karen	
  Millen,	
  Laura	
  Ashley.	
  We	
  have	
  also	
  worked	
  with	
  a	
  range	
  of	
  innovative,	
  
earlier	
  stage	
  companies	
  across	
  sectors	
  in	
  the	
  UK,	
  US	
  and	
  India.	
  
	
  
New	
  Delhi	
   jasper.reid@immassociates.com	
  	
   +91	
  9599180115	
  
London	
  	
   david.loyd@immassociates.com	
  	
   +44	
  7810	
  480480	
  

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IMM India Credentials 4.0

  • 1.   www.immassociates.com     IMM   IMM  invest  in,  establish  and  develop  international  consumer  brands  in  India.  Our  London  and  New   Delhi  offices  work  as  advisors,  equity  partners  or  as  the  licensed  operator.  We  have  an  exclusive   India  focus  and  have  built  many  successful  partnerships  with  ambitious,  high  quality  companies.   IMM  shareholders  are  family  offices  and  high  net  worth  individuals.     The  Team   IMM  is  an  international  business  with  experienced  management,  investment  professionals  and  a   young,  entrepreneurial  team.  The  team  is  supported  by  panels  of  suppliers,  agencies  and  experts.     Why  we  are  different   India  is  an  attractive  but  challenging  market  where  traditional,  local  partnerships  often  fail.  We   understand  the  opportunities  but  are  realistic  about  what  it  takes  to  create  shareholder  value.       Our  approach   IMM  move  quickly  but  take  a  long-­‐term  view  of  India.  Over  time  and  across  many  projects,  the  team   has  developed  a  methodical  approach  to  all  aspects  of  market  set  up  and  ongoing  management:     •   Business  planning.  We  ensure  all  financial  and  commercial  assumptions  are  current,  based   on  front-­‐line  realities  and  validated  by  our  investment  experts   •   Contracting.  IMM  have  executed  a  range  of  brand  agreements  based  on  equity,  JV,  license   or  franchise  terms.  We  believe  in  the  value  of  simple  and  flexible  structures   •   Corporate  set  up.  We  are  very  familiar  with  FDI,  tax,  accounting  and  repatriation  strategies   •   Customisation.  IMM  understand  Indian  consumers  and  how  to  adjust  brand  and  business   models  to  establish  long-­‐term  competitive  advantage   •   Asset  management.  IMM  have  built  multiple  businesses  in  India.  We  handle  governance,   risk,  regulatory  compliance,  recruitment,  operations,  sales  and  marketing,  technology,   finance  and  corporate  development   •   Managing  change.  We  are  an  experienced  team  used  to  mitigating  risks  and  dealing  with  the   challenges  of  operating  in  this  very  large,  complex  and  changeable  market     Track  Record   The  senior  team  has  operated  across  sectors  in  India  for  25  years  developing  a  portfolio  of  market   intelligence  and  a  large  professional  network.  We  have  worked  with  many  great  brands  including:     Jamie  Oliver  Restaurants.  In  2015  IMM  acquired  the  25  year,  all  India  rights  to  Jamie’s  Italian  and   Jamie’s  Pizzeria.  4  sites  launched  in  year  one  with  a  $15m  investment  case  for  50  sites  in  5  years     Wendy’s.  In  2014  IMM  acquired  the  25  year,  all  India  rights  to  Wendy’s,  America’s  2nd  largest  burger   brand.  4  sites  launched  in  year  one  with  an  investment  case  for  200  sites  over  10  years     PizzaExpress.  In  2011  IMM  supported  the  UK’s  largest  restaurant  group  launching  the  brand.  IMM   negotiated  a  JV  with  a  leading  Indian  business  and  led  all  aspects  of  the  successful  market  entry     Since  2010,  IMM  has  advised  well-­‐known,  international  brands  including  John  Lewis,  Agent   Provocateur,  Busaba,  Karen  Millen,  Laura  Ashley.  We  have  also  worked  with  a  range  of  innovative,   earlier  stage  companies  across  sectors  in  the  UK,  US  and  India.     New  Delhi   jasper.reid@immassociates.com     +91  9599180115   London     david.loyd@immassociates.com     +44  7810  480480