Investment Summary

Kedaara Capital and KKR Invest In Lenskart

On September 16, 2019, private equity firms Kedaara Capital and KKR invested in retailer Lenskart

Investment Highlights
  • This is Kedaara Capital’s 2nd and KKR’s 14th transaction in the Retail sector.
  • This is Kedaara Capital’s 14th and KKR’s 17th transaction in India.

Investment Summary

Date 2019-09-16
Target Lenskart
Sector Retail
Investor(s) Kedaara Capital
KKR
Deal Type Stake Purchase

Target

Lenskart

Gurgaon, India
Lenskart is an eyewear category. Lenskart has a pan-India presence through its footprint of over 700 franchisee managed stores spread across 115 cities and towns across all major states in India. Lenskart was founded in 2010 and is based in Gurgaon, India.

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Investor(S) 2

DESCRIPTION

Kedaara Capital is an operationally oriented private equity firm focused on control and select minority investments in India. The Firm is a generalist investor, with no sector preferences and looks to commit $25 to $75 million per transaction. The Firm does not invest in seed or early stage companies or in businesses where the market is unproven. Kedaara Capital was established 2011 and is headquartered in Mumbai.


DEAL STATS #
Overall 14 of 23
Sector (Retail) 2 of 2
Type (Stake Purchase) 5 of 6
Country (India) 14 of 21
Year (2019) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-19 Spandana Sphoorty Financial

Hyderabad, India

Spandana Sphoorty Financial is a book microfinance institution that focuses on providing small-ticket loans under the group lending model in rural and semi-urban parts of India. Spandana Sphoorty Financial was founded in 1998 and is based in Hyderabad, India.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-18 ASG Hospital

Jodhpur, India

ASG Hospitals provides comprehensive diagnostic, treatment and surgical services through the latest technology in eye care. ASG Hospitals was started by AIIMS (New Delhi) trained doctors and recruits the majority of their doctors from their alma mater. ASG Hospital was founded in 2005 and is based in Jodhpur, India.

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Investor

KKR

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1976
PE ASSETS 267.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
KKR's office in Menlo Park, California.
KKR's office in Menlo Park, California.

KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.


DEAL STATS #
Overall 321 of 483
Sector (Retail) 14 of 17
Type (Stake Purchase) 40 of 67
Country (India) 17 of 26
Year (2019) 26 of 33
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-11 Lightcast

Boston, Massachusetts, United States

Lightcast is a provider of labor market analytics software that delivers real-time data and planning tools to educators, employers, and public sector constituents. Lightcast was founded in 1999 and is based in Boston, Massachusetts.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-03 Privilege Underwriters

New York, New York, United States

Privilege Underwriters, Inc. is a U.S. insurance group specialized in the U.S. High Net Worth (“HNW”) insurance market, through TMHD’s wholly-owned subsidiary, HCC Insurance Holdings, Inc. (“TMHCC”) (hereinafter: “the Acquisition”).

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