Skip to main content

news

AZB & Partners has advised investment firm KKR on its $625 million acquisition of a stake in India’s Vini Cosmetics, which was counselled by Shardul Amarchand Mangaldas, with IndusLaw representing the seller Sequoia Capital.

Founded in 2010, Vini manufactures, markets, and distributes branded deodorants, cosmetics and toiletries through its flagship brand Fogg and other brands.
In this transaction, Sequoia Capital made a return of $200 million, four times its total investment in Vini Cosmetics. 

According to a report in Mint, while the financial details were not disclosed, KKR is buying around 55 percent in Vini Cosmetics, valuing the company at more than $1.1 billion.

The AZB team was led by partners Zia Mody, Ashwath Rau and Kashish Bhatia, while partners Suneeth Katarki and Anindya Ghosh led the IndusLaw team.

 

To contact the editorial team, please email ALBEditor@thomsonreuters.com.

Related Articles

Deals

Khaitan, JSA, Hogan Lovells guide $515 mln Waaree IPO

by Nimitt Dixit |

Khaitan & Co has advised Waaree Energies, India's largest manufacturer and exporter of solar modules, on its $515 million initial public offering, with JSA Advocates & Solicitors and Hogan Lovells guiding the bookrunning lead managers.

Deals

CAM, Khaitan guide Adani-backed Renew Exim’s $380 mln ITD acquisition

by Nimitt Dixit |

Cyril Amarchand Mangaldas has advised Adani Group's Dubai-based firm Renew Exim DMCC on its acquisition of a 46.64 percent stake in ITD Cementation India for around $380 million from Italian-Thai Development Public Company, who was represented by Khaitan & Co.

Deals

CAM, AZB, SAM, Latham advise on landmark $1.3 bln Swiggy IPO

by Nimitt Dixit |

Cyril Amarchand Mangaldas is advising SoftBank-backed Indian food and grocery delivery giant Swiggy on its much-anticipated initial public offering worth $1.3 billion, with AZB & Partners and Latham & Watkins advising the bookrunning lead managers.