Several retailers have attracted PE investments in the last six months alone.
Deal volumes were the highest in sectors such as healthcare, finance and consumer discretionary (which largely includes premium brands and retail).
Kidswear retailer Lilliput attracted investment from two of the top global private equity funds Bain Capital and TPG Growth with a PE infusion of Rs385-rore.
TPG also evinced interest in acquiring a majority stake in crisis-hit Vishal Retail for Rs250-rore.
IL&FS Investment Managers, a private equity arm of IL&FS Ltd, acquired a 10 per cent stake in The Mobile Store for Rs100-crore.
Data from Venture Intelligence, a research service focused on private equity and mergers and acquisitions, suggest that the deals in the retail sector for the second half of FY2010 (October-March) stood at $148-million as against $57-million in the corresponding period a year ago.
Tuesday, May 18, 2010
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