Investment Summary

Multiples Alternate Asset Management, L Capital Management and Warburg Pincus Exits PVR INOX

On December 19, 2023, invested in consumer services company PVR INOX from Multiples Alternate Asset Management, L Capital Management and Warburg Pincus

Investment Highlights
  • This is transaction in the Consumer Services sector.
  • This is transaction in India.

Investment Summary

Date 2023-12-19
Target PVR INOX
Sector Consumer Services
Sellers(s) Multiples Alternate Asset Management
L Capital Management
Warburg Pincus
Deal Type Stake Sale

Target

PVR INOX

Gurugram, India
PVR INOX is a cinema entertainment company. PVR INOX was founded in 1995 and is based in Gurugram, India.

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Seller(S) 3

SELLER
DESCRIPTION

Multiples Alternate Asset Management is a private equity firm focused on opportunities throughout India. The Firm does not have any sector preferences and will consider a range of opportunities, from minority stakes to buyouts. Multiples was formed in 2009 and is headquartered in Mumbai.


DEAL STATS #
Overall 7 of 9
Sector: Consumer Services M&A 1 of 1
Type: Stake Sale M&A Deals 2 of 2
Country: India M&A 7 of 8
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-05 Veritas Finance

Chennai, India

Veritas Finance provides MSME financing across semi-urban and rural geographies, which is a large and underserved market. Veritas Finance was founded in 2015 and is based in Chennai, India.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-04 Svatantra

Mumbai, India

Svatantra provides affordable financial credit products to women entrepreneurs in rural India. Svatantra was founded in 2012 and is based in Mumbai, Maharastra.

Buy -
SELLER

L Capital Management

Paris, France

Category Private Equity Firm
Founded 2001
PE ASSETS 1.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

L Capital Management is a private equity firm that focuses on acquiring businesses primarily in Europe and also look for potential opportunities in North America and Asia. It looks to invests €15 - €60 million in companies with revenues of €30 - €400 million. The firm seeks to hold both minority and majority stake in portfolio companies along with co-investors. Specific areas of interest include personal care and well-being, personal equipment, home and family equipment and selective retailing. Types of transaction include LBO’s and growth capital financing. L Capital is sponsored by the LVMH Group and Groupe Arnault. L Capital was formed in 2001 and is based Paris, France with additional offices in Milan, Italy and Madrid, Spain.


DEAL STATS #
Overall 17 of 17
Sector: Consumer Services M&A 1 of 1
Type: Stake Sale M&A Deals 2 of 2
Country: India M&A 1 of 1
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-08 ba&Sh

Paris, France

ba&Sh is a fashion brand that designs and manufactures a full range of women’s apparel, with a distinctive design. Sold mainly in premium mono-brand retail locations in France, department stores and online, with international expansion in targeted geographies currently underway in the UK, Germany, Switzerland, the USA, and Asia. ba&Sh was formed in 2003 and is headquartered in

Sell -
SELLER

Warburg Pincus

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1966
PE ASSETS 83.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Warburg Pincus is a mega-sized, global private equity firm focused on investment opportunities across North America, Asia, and Europe. Warburg will consider investing at various company stages, from early-stage opportunities to distressed situations. Warburg Pincus is organized by industry groups. Verticals include financial services, healthcare, technology, media & telecommunications, energy, consumer & industrial, and real estate. Within financial services, Warburg will consider asset/wealth managers, banks, exchanges, financial technology, insurance, transaction processing, private banking, and specialty/consumer finance. Within healthcare, specific areas of interest include medical devices, healthcare services, and biotech/pharmaceuticals. Within technology/media/communications, Warburg targets software, media/internet/information, financial technology, telecom, business services, and systems/semiconductors. Within energy, specific areas of interest include oil/gas exploration, power generation/transmission, and alternative energy. Warburg Pincus raised its first fund in 1966 and is based in New York City.


DEAL STATS #
Overall 249 of 263
Sector: Consumer Services M&A 2 of 2
Type: Stake Sale M&A Deals 11 of 11
Country: India M&A 22 of 23
Year: 2023 M&A 8 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-01 Reiss

Leicester, United Kingdom

Reiss is a global luxury apparel brand, producing and selling high-quality, classic and contemporary men’s and women’s clothing and accessories. The company currently operates from over 160 locations in 15 countries through a network of owned stores, concession partners, and franchised operations, whilst also growing strongly through its own and partner online platforms. Reiss was founded in 1971 and is based in Leicester, United Kingdom.

Sell £128M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-17 Service Compression

Lubbock, Texas, United States

Service Compression is a provider of natural gas compression services for exploration and production companies at the wellhead. The company focuses on advancing the upstream oil and gas sector's ESG (environmental, social, and governance) initiatives through its differentiated service and technology offerings. Service Compression is headquartered in Lubbock, Texas, with field offices in Texas, New Mexico, Oklahoma, and Arkansas.

Buy -