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Last Updated : Apr 26, 2018 09:28 AM IST | Source:

Advent, Carlyle, GA in race to buy Pepe Jeans India: Report

The US-based private equity firms are eyeing a controlling stake in Pepe Jeans' Indian subsidiary.

Moneycontrol News @moneycontrolcom

Three US-based private equity funds are in the running to acquire Pepe Jeans' Indian subsidiary, according to a Mint report.

Advent International, The Carlyle Group and General Atlantic Llc (GA) have been shortlisted to buy a controlling stake in Pepe Jeans India, a source told the paper.

Earlier, KKR & Co. and Everstone Capital Advisors Pvt. Ltd were also in talks to acquire the apparel company's Indian arm.

The Barcelona-based company is looking to value Pepe Jeans India at Rs 2,000 crore, the report said.

Kotak Investment Bank advised Pepe Jeans on the deal, the report said.

L Capital Asia (now L Catterton Asia) and Lebanese group M1 bought a majority stake in Pepe Jeans in 2015.

L Catterton Asia is a part of Moet Hennessy Louis Vuitton SA (LVMH).

Pepe Jeans India CEO Kavindra Mishra did not respond to Mint's call for a comment. A spokesperson from Carlyle Group declined to comment. GA, Advent did not respond to Mint's request for comment.

Pepe Jeans was originally founded in London.

First Published on Apr 26, 2018 09:28 am
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