Contact us on +022 2419 3000 or indiantextilejournal.com.

PE firms eye womenswear brand

Jan 27, 2017
PE firms eye womenswear brand

Ethnic wear brand, Soch has held talks with private equity (PE) funds, including L Catterton, Westbridge Capital and CX Partners, for a majority stake sale valuing the company at around $200 million. Soch’s share sale comes at a time when investors have been scouting for companies in the fast-growing domestic womenwear market buoyed by rising disposable income among urban women, who are joining the workforce.

Once completed, the transaction, which is likely to give a controlling stake to the investor, would emerge as a rare one in the domestic clothing sector where most PE funds have picked up smaller stakes. L Catterton is the combined entity after LVMH-backed L Capital merged with Greenwich-based Catterton last year. In its earlier avatar, L Capital had bet on domestic fashion and apparel players like FabIndia and Genesis Luxury Fashion, which retails brands like Jimmy Choo and Satya Paul, among others.