Category Archives: Private Equity

AND Designs plans 15 international retail stores; to raise Rs 100 crore

The Anita Dongre designer brand, AND Designs, aims to expand its presence globally by offloading 33 per cent stake to an international PE investor.

The brand is in talks with global PE fund company which will help the brand to get hold of the bandwidth to let the brand explore new international market. The stake sale will get the company an investment of Rs 100 crore.

General Atlantic is also in the race to invest in the company.

Talking about international retail plans, the brand wants to starts by expanding into GCC and South Eastern Nations. Though the brand already has a store in Mauritius, in next 2-3 years the aim is to have 15 stores in new markets including GCC nations, UK and US.

Khadim raises Rs 90 crore funds from Reliance Equity

The footwear brand, Khadim India, with its expansion plan in place, has raised Rs 90 crore from Reliance Equity. The funds will be utilised towards the brand expansion and also getting over with its existing debts.

The money infused will be locked in for three years, post which the brand will go for an IPO. Currently, the company has issued compulsorily convertible debentures worth Rs 90 crore to Reliance Equity which will be converted into equity shares by end of this fiscal.

Khadim’s 90 per cent business is footwear while they also run four gold jewellery retail stores in the name of Sona Khazana.