Home / Knowledge / News / Apparel/Garments / Henderson completes investment in Genesis Colors
Henderson completes investment in Genesis Colors
29
Oct '09
Henderson Equity Partners has completed a US$17 million investment in Genesis Colors Private Limited (Genesis), one of the premier players in Indian luxury apparel, on behalf of Henderson Asia Pacific Equity Partners II L.P. Genesis is engaged in the design, manufacture and sale of luxury apparel under the Satya Paul brand and also has distribution rights in India for several leading international luxury brands, including Canali, Kenzo, Aigner, Paul Smith, Jimmy Choo, Just Cavalli and Bottega Veneta. The company was advised by Ernst & Young.

Genesis was founded in the early 1990's by Mr. Sanjay Kapoor, Mr. Jyoti Narula and Mr. Puneet Nanda, with a vision to create a high-end fashion conglomerate. The company has been a pioneer of the development of luxury apparel in India and is the leading and dominant player in this fast growing market in India today.

Speaking about the development, Sanjay Kapoor, Joint Managing Director of Genesis Colors, said, “We are delighted to have Henderson Equity Partners as investment partners and we plan to use our partners' strategic inputs to expand the retail network of Satya Paul and cement the growth of the luxury brands business in India. We will also use these additional funds to enhance the existing infrastructure and systems and for inorganic growth of the brand portfolio.”

“We are very excited to be partnering with Sanjay, Jyoti and Puneet,” said Vishal Marwaha, Partner of Henderson Equity Partners' Asia private equity team. “They are one of very few promoter teams to have the vision and execution skills to institutionalise the fashion industry in India. This, coupled with the extremely strong management and design teams that they have built, provides a strong platform to execute on their vision. The Henderson team believes strongly in the Indian consumption story, especially in the affluent and aspirational segments, and Genesis fits strongly into that thesis. We look forward to working closely with the Genesis team to continue to grow the business.”

Roger Greville, Managing Director of Henderson Equity Partners, commented, “This is a rapidly growing consumer sector, which plays to our strengths and is the sweet spot for our funds. I am delighted that we have been able to consistently and methodically build such a strong portfolio of investments, to which this is a great addition.It is testament to the strength, skill, judgement and patience of Vishal and our Asia team. Moreover, we are delighted we have been able to form relationships and back such strong management teams like the Genesis team. We very much look forward to working with them to turn Genesis into an even stronger company.”

Henderson Equity Partners

Must ReadView All

Textiles | On 29th Apr 2017

Textile sector may have uniform GST rate: Irani

The textile sector could have a uniform Goods and Services Tax (GST)...

Textiles | On 29th Apr 2017

EU rules needed to curb textile worker exploitation: MEPs

European Union (EU) rules are needed to oblige textile and clothing...

Apparel/Garments | On 29th Apr 2017

US retail operating growth to be 1.5-2.5% in 2017: Moody's

The forecast for operating income growth in the US over the next 12...

Interviews View All

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Mark Paterson
Technical Absorbents Ltd

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

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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

news category


Related Categories:
April 2017

April 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X