Lilliput Kidswear has attracted an investment of Rs.385 crores ($86 million) from two PE Funds – Bain Capital and TPG Growth – for an undisclosed significant minority stake in the company.
Bain Capital will invest $60 million and TPG Growth $26 million. With the value added approach of these two firms, Lilliput aims to rapidly further scale its operations. Sanjeev Narula, founder and MD of Lilliput said, “We are thrilled that Bain Capital & TPG Growth have decided to invest in Lilliput. We have had a wonderful investor in Everstone Capital and our experience encouraged us to continue to partner with two leading global private equity players to realise our aspirations for Lilliput.” He added, “Bain Capital & TPG Growth’s track record in backing world leaders and value creation speaks for itself and their significant investment is a strong vote of confidence in Lilliput’s potential”.
Lilliput Kidswear Ltd was incorporated in 1991 by Sanjeev Narula. With the opening of its first retail store in April 2003, it has rapidly grown and is now one of the largest kidswear brand in India. Besides India where Lilliput 240 stores, Lilliput is present in Kingdom of Bahrain, Cairo, Egypt, Riyadh, Saudi Arabia, Quwait, Abu-Dhabi, UAE, Shanghai, China and Odesa & Moldova, Ukraine, Sultanate of Oman, Yemen and Nepal. The brand registered a turnover of Rs.415 crores in FY 2009-10.
— IndiaRetailing Bureau
