PE firm *SAIF Partners* is planning to buy around 30% stake in *Catmoss* for Rs.70 Cr.
If the deal materializes, Catmoss will use the fund for its expansion. Founded in 2000, Delhi based kidswear retail chain, Catmoss runs around 150 exclusive brand outlets along with large format stores and multi-brand outlets. It reported a net profit of around Rs.7.5 Cr and a turnover of Rs.130 Cr. Hong Kong-based SAIF Partners manages over $2 bn across three funds with primary focus on media, telecom, travel and tourism sectors. India, China and Taiwan are its major investments markets. In India, it has invested in companies such as *Asian Health and Nutri Foods Limited *for $8 mn in 2007 and food services company S*peciality Restaurants Pvt Ltd* that runs chains such as* Oh! Calcutta and Mainland China* for $20mn for 20% stake. Recently, Speciality Restaurants had planned to dilute another 30% Equity To SAIF Partners. In 2007, SAIF partners formed a 25:75 JV with *TV 18* for latter's home shopping network business. This is the second PE investment in the children’s apparel space in recent months. In April, *TPG and Bain Capital* picked 35% stake in *Lilliput Kidswear* from domestic investment firm *Everstone *for around Rs.385 Cr. -- Regards Hardik Shah -- You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en.
