M&A Deal Summary

Modenik Acquires Enamor

On December 1, 2021, Modenik acquired apparel/textiles company Enamor from Advent International

Acquisition Highlights
  • This is Modenik’s 1st transaction in the Apparel/Textiles sector.
  • This is Modenik’s 1st transaction in India.

M&A Deal Summary

Date 2021-12-01
Target Enamor
Sector Apparel/Textiles
Buyer(s) Modenik
Sellers(s) Advent International
Deal Type Merger

Target

Enamor

Bangalore, India
Enamor is a women’s innerwear brand. Enamor 20 exclusive brand outlets and over 4,500 points of sale nationwide, predominantly located in larger cities, as well as a strong online presence and e-commerce business. Enamor was founded in 2001 and is based in Bangalore, India.

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Buyer(S) 1

Buyer

Modenik

Bengaluru , India

Category Company
Founded 1982
Sector Apparel/Textiles
DESCRIPTION

Modenik is an exclusive manufacturer and marketer of several leading innerwear brands in India, including Dixcy Scott, Dixcy Scott UNO, Dixcy Josh, and Dixcy & Slimz. Modenik was founded in 1982 and is based in Bengaluru, Karnataka.


DEAL STATS #
Overall 1 of 1
Sector: Apparel/Textiles M&A 1 of 1
Type: Merger M&A Deals 1 of 1
Country: India M&A 1 of 1
Year: 2021 M&A 1 of 1

Seller(S) 1

SELLER

Advent International

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 91.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Advent is a global private equity firm that targets investments in North America, Europe, Asia, and Latin America. Advent's emerging market efforts are concentrated in Central Europe and Latin America. Advent seeks transactions valued between $50 million and $5 billion and can commit up to $2 billion of equity capital per investment. Broad areas of interest include business & financial services, retail & consumer, technology, media, & telecoms, healthcare & life sciences, and industrial. Prospective transaction types include buyouts, growth capital financings, take privates, and recapitalizations. Advent was formed in 1984 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 212 of 233
Sector: Apparel/Textiles M&A 3 of 3
Type: Merger M&A Deals 10 of 11
Country: India M&A 3 of 4
Year: 2021 M&A 21 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-22 Caldic

Rotterdam, Netherlands

Caldic is a global provider of value-added life sciences and specialty chemicals solutions with the ambition to be a true partner to its customers and principals. Caldic's product portfolio includes innovative food ingredients, natural products, and functional solutions for a variety of life sciences and industrial end-market segments. Caldic was founded in 1970 and is based in Rotterdam, Netherlands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-07 Orveon

New York, United States

Orveon manages bareMinerals, BUXOM, and Laura Mercier beauty brands. The company operates within the cosmetics industry, manufacturing and distributing makeup and skincare products. Orveon was formed in 2021 and is based in New York, New York.

Buy -