Investment Summary

Exits Primus Retail Pvt.

On February 22, 2011, invested in retailer Primus Retail Pvt. from Ascent Capital for 100M INR

Investment Highlights
  • This is transaction in the Retail sector.
  • This is largest (disclosed) transaction.
  • This is transaction in India.

Investment Summary
Date 2011-02-22
Target Primus Retail Pvt.
Sector Retail
Sellers(s) Ascent Capital
Deal Type Trade Sale - Public Company
Deal Value 100M INR

Target

Primus Retail Pvt.

Hyderabad, India
website
Primus Retail is a fast growing retail and distribution chain of lifestyle products - sports and fashion apparel, accessories and footwear. A key partner for leading international brands such as Adidas, Nike, Reebok and Levis, Primus has presence across key markets in India through a chain of small format specialty retail stores.

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Seller(S) 1

SELLER

Ascent Capital

Bangalore, India

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2000
PE ASSETS 600M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Ascent Capital is a private equity firm focused on growth capital investments in promising Indian companies driven by 'visionary leadership'. In addition to providing growth financing, Ascent also helps young companies attract senior management talent and maintain high standards of corporate governance in preparation for an exit. Ascent invests in the range of $10 - $30 million per transaction. Ascent prefers investing in sectors that leverage India's outsourcing strengths, benefit form the country's infrastructure boom, and address a growing consumer market. Ascent Capital was formed in 2000 and is based in Bangalore.

DEAL STATS #
Overall 2 of 9
Sector (Retail) 1 of 1
Type (Trade Sale - Public Company) 1 of 1
Country (India) 2 of 9
Year (2011) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-02-11 RBL Bank

Mumbai, India

RBL Bank operates as a scheduled commercial bank. It is continuously expanding its presence across India through a growing network of branches and ATMs. RBL Bank was established in 1943 and is based in Mumbai, India.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-16 Karaikal Port

Chennai, India

Karaikal Port (KPPL) is a subsidiary of MARG Ltd, a leading infrastructure and real estate developer along the Chennai IT corridor with interest ranging across various areas that include Residential Projects, Commercial Real estate projects, SEZs, Ports, Townships, IT Parks, Malls, etc. Karaikal Port was founded in 2006 and is based in Chennai, India.

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Mergr

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