M&A Deal Summary

KKR and WestBridge Capital Partners Acquire Vini Cosmetics

On June 21, 2021, private equity firms KKR and WestBridge Capital Partners acquired consumer products company Vini Cosmetics for 625M USD

Acquisition Highlights
  • This is KKR’s 14th and WestBridge Capital Partners’ 5th transaction in the Consumer Products sector.
  • This is KKR’s 89th and WestBridge Capital Partners’ largest (disclosed) transaction.
  • This is KKR’s 21st and WestBridge Capital Partners’ 42nd transaction in India.

M&A Deal Summary

Date 2021-06-21
Target Vini Cosmetics
Sector Consumer Products
Buyer(s) KKR
WestBridge Capital Partners
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 625M USD
Advisor(s) Shardul Amarchand Mangaldas & Co. (Legal)

Target

Vini Cosmetics

Ahmedabad, India
Vini Cosmetics is a personal care and beauty products company. Vini Cosmetics was founded in 2010 and is based in Ahmedabad, India.

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Buyer(S) 2

Buyer

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 397 of 490
Sector: Consumer Products M&A 14 of 16
Type: Buyout (LBO, MBO, MBI) M&A Deals 57 of 68
Country: India M&A 21 of 28
Year: 2021 M&A 29 of 52
Size (of disclosed) 89 of 106
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-11 CIT Aviation Lending Business

New York, New York, United States

CIT Aviation Lending Business has a committed loan balance of nearly $800 million across more than 50 loans for approximately 60 commercial aircraft. CIT Aviation Lending Business is based in New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-22 Education Perfect

Dunedin, New Zealand

Education Perfect offers a world-class set of tools for learning, revision, and assessment, enabling 21st-century practices for school years 5 to 12, across all subject areas. Education Perfect is based in Dunedin, New Zealand.

Buy -
Buyer
DESCRIPTION

WestBridge Capital Partners, LLC is a private investment firm focused on growth-oriented opportunities across India. WestBridge looks to partner alongside promising mid-sized companies and typically seeks to commit $10 to $80 million of minority capital per transaction. WestBridge Capital Partners is based in Ebene, Mauritius.


DEAL STATS #
Overall 47 of 50
Sector: Consumer Products M&A 5 of 5
Type: Buyout (LBO, MBO, MBI) M&A Deals 3 of 4
Country: India M&A 42 of 44
Year: 2021 M&A 2 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-01 Upekkha

Bengaluru, India

Upekkha is a SaaS accelerator helping Indian SaaS startups enter the US market. The accelerator runs a 6-month incubation program helping founders build value-focused SaaS products and grow profitably. Upekkha was founded in 2017 and is based in Bengaluru, Karnataka.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-10 Star Health and Allied Insurance

Chennai, India

Star Health and Allied Insurance is a standalone health insurer. Star Health and Allied Insurance was founded in 2005 and is based in Chennai, India.

Sell -