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PEs bullish on kidswear market

The last few months have witnessed a spurt of private equity investments in the kidswear market in the country. In April, Delhi-based kidwears brand Lilliput had two rounds of PE infusion from Bain Capital and the Texas Pacific Group for a 35% stake in the company, followed by Catmoss selling around 30% stake to Hong Kong-based Saif Partners. The investment has been significant. Both Bain and TPG together pumped in more than Rs 350 crore in Lilliput, while the Catmoss transaction was estimated at Rs 70 crore. India’s kidswear market in organised retail, which is estimated at Rs 3,500 crore, is growing at an annual rate of 10%. The premium segment brands such as Lilliput and Benetton are vaulting at 20%. […]

Carlyle invests $140 mn in Tirumala Milk, 3 Asian cos

Global private equity firm Carlyle Group today said it has invested $140 million (over Rs 650 crore) for equity stake in four Asian companies, including India's Tirumala Milk Products. The US-based PE major released a statement announcing the closure of four growth capital investments across Asia, including South India's second-largest private dairy player Tirumala Milk Products, China's largest ATM deployer ATMU Inc and two Korean companies, HKucar Global Co and EO Technics. Commenting on the investment, Wayne Tsou, managing director and head of CAGP said: “It reflects the proven abilities of our seasoned local investment professionals in each of the focused markets to seize attractive investment opportunities.” […]