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.
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