Advent International, one of the largest and most experienced global private equity investors, today announced that it has acquired a 100-per cent stake in Enamor, a women’s premium innerwear brand in India, from India Alternatives, Faering Capital and the promoters for a combined equity value of approximately Rs 320 crore, the PE firm said in a statement.
The transaction is Advent’s eighth investment in India in the past four years and its fourth in the consumer goods sector during the same period.
Founded in 2001 as a joint venture with Barbara of France, Enamor offers a high-quality range of lingerie, sportswear and