Home / Knowledge / News / Apparel/Garments / BIBA apparel receives Rs 3bn private equity investment
BIBA apparel receives Rs 3bn private equity investment
06
Dec '13
Warburg Pincus and Faering Capital have invested approximately INR 300 crores in BIBA Apparels Pvt. Ltd., one of the largest and fastest growing companies in the women and girls' ethnic wear market in India. The investment includes a primary fund raise and provides an exit to the existing investor, Future Lifestyle Fashions Ltd. The transaction is the largest private equity investment in the Indian ethnic wear market.

Established in 1986, BIBA Apparels has grown into one of the largest organized women and girls’ ethnic wear manufacturers in India with over 330 points of presence across exclusive brand outlets, shop in shops and leading e-commerce portals across the country. The company pioneered the shop in shop format in the late 1990s in India and was among the first players to develop a marketing strategy of association with the Indian film industry in early 2000s.

This investment will enable the company to evolve into a ‘Fashion House’ catering to all ethnic wear requirements of women and girls across income levels, in India and abroad. It plans to expand its distribution network and strengthen its presence in the higher-end fashion category through new product launches and JVs with acclaimed designers. It also plans to launch a value brand to enhance its presence at lower price points.

Speaking on the occasion, Mr. Siddharath Bindra, Managing Director, BIBA, said, “I am very happy to be able to provide a healthy exit to Future Lifestyle Fashions Limited, who has been an excellent partner to the company so far. I am also very excited to now have as partners Warburg Pincus and Faering Capital, as we scale up BIBA to the next level.”

Mr. Kishore Biyani, Group CEO, Future Group, said, “We have had an exciting journey being part of the growth of BIBA being led by the entrepreneurial energy of Ms. Meena Bindra and Mr. Siddharath Bindra and we are happy that the brand will now have the support and expertise of Warburg Pincus & Faering Capital to take it to the next level. India is just witnessing the emergence of large fashion brands and we are quite sure BIBA will play a major role in this journey in the years to come.”

Mr. Vishal Mahadevia, Managing Director and Co-head India, Warburg Pincus, said, “Warburg Pincus’ investment in BIBA reflects its recognition of the company's high-quality management team led by Siddharath Bindra. Over the last two decades, BIBA has built a leading women’s ethnic wear brand in an industry that continues to demonstrate positive growth trends. We are excited to partner with BIBA’S management team as they continue to grow the business going forward.”

Mr. Sameer Shroff, Managing Director and Co-founder, Faering Capital, said, “Mr. Siddharath Bindra and the team at BIBA have built a fantastic market-leading brand and a high-quality organisation that is poised to further capitalize on the growth of branded women/girls’ ethnic wear in the country. We look forward to partnering with them in their next phase of growth”

“BIBA, a clear leader in its space, has partnered with Warburg Pincus and Faering Capital in a win-win transaction for all” said Mr. Ajay Garg, Managing Director, Equirus Capital Pvt. Ltd. Equirus Capital acted as the exclusive financial advisor to BIBA and Future Lifestyle Fashions for the transaction.

BIBA


Must ReadView All

Indian govt relaxes cabotage rule for cotton transport

Textiles | On 25th May 2018

Indian govt relaxes cabotage rule for cotton transport

The Government of India has relaxed cabotage rules for transportation ...

Courtesy: Teejay Lanka

Textiles | On 25th May 2018

Teejay Lanka doubles production capacity at Indian mill

Teejay Lanka, one of Sri Lanka’s largest textile manufacturers, has...

Courtesy: Messe Frankfurt/Yarn Expo Autumn edition

Textiles | On 25th May 2018

Yarn Expo Autumn 2018 scheduled earlier

Over 500 exhibitors are expected at the Yarn Expo Autumn 2018, being...

Interviews View All

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Top executives
Textile industry

Defining MSMEs on the basis of turnover makes it simpler to do business

Headhonchos
Indian textile value chain

'One nation, one tax' is a great concept

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Akshat Chaudhary

Aizome, Asia's first Fairtrade denim brand, is all set to launch next...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


May 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search