Home / Knowledge / News / Textiles / Visen Industries to use FCV III funds for expansion
Visen Industries to use FCV III funds for expansion
24
Jun '11
An affiliate of global alternative asset manager The Carlyle Group has invested US$25 million in Visen Industries Limited, a large manufacturer of water-based polymer emulsions in India. Funds from the affiliate, First Carlyle Ventures III (FCV III), will be used by Visen to expand its manufacturing capacities in India and abroad.

Visen is well established in the Indian polymer emulsions market. It manufactures the entire range of water-based polymer emulsions including acrylates, versatates and poly vinyl acetate, catering to customers across industries encompassing paints, textiles, adhesives and construction. It has long standing relationships with industry players including Asian Paints, Berger Paints, Kansai Nerolac and Jotun Paints. Visen also caters to export demand from customers in the Middle East and Africa. As part of its growth strategy, Visen is strengthening and growing its business in India while expanding its presence in international markets.

The investment will come from FCV III, a part of the Carlyle Asia Growth Partners IV (CAGP IV), a US$1.04 billion sector-agnostic fund. CAGP IV invests in high growth companies in key Asian markets such as India, China and Korea, while FCV III focuses on investments into India.

With aggregate assets of more than US$2 billion under management, CAGP brings significant support and value-add to portfolio companies through its vast international business network, deep local insight from its native investment team, experience in a broad range of industries, expertise in business management and strengths in global M&A and capital markets initiatives. This has allowed CAGP's portfolio companies to accelerate capacity and market share expansions.

Wayne Tsou, Managing Director and Head of Carlyle Asia Growth Capital, said, “Visen's business is a play on the strong consumption led demand growth across paints, textiles, adhesives and construction in India and other emerging markets. Visen has a clear track record of growth and a well defined strategic roadmap for future expansion.”

Vijay Nair, Managing Director of Visen, said, “Visen is a trusted partner delivering consistent high quality products to its customers across paints, textiles, adhesives and construction industries. We are very happy to be associated with The Carlyle Group and hope to leverage their relationships as we continue to build Visen into a global player in the polymer emulsion industry.”

Shankar Narayanan, Managing Director and Head of Carlyle Growth Capital in India, said, “Visen is led by a visionary entrepreneur of extraordinary ability and leadership. We are excited to be their partner in their journey to build Visen into a global emulsion player. Growing disposable incomes and increasing urbanization are fuelling the end consumption demand for paints, textiles, adhesives and construction, which leads to growth opportunity for high quality players such as Visen.”

Alpen Capital acted as the sole financial advisor to the Company for the transaction.

Visen was an ISO 9001-2008 certified company producing and marketing water based polymer emulsions for paints and coatings, textiles, adhesives and construction industry for various applications.

The Carlyle Group


Must ReadView All

May 31 deadline for registration of chemicals under REACH

Textiles | On 23rd May 2018

May 31 deadline for registration of chemicals under REACH

May 31 is the final deadline for companies to register all chemicals...

US cotton production projected to decline in 2018: USDA

Textiles | On 23rd May 2018

US cotton production projected to decline in 2018: USDA

US cotton production is forecast at 19.5 million bales, nearly 7 per...

Pakistan's textile exports up 8.13% in July-April FY18

Textiles | On 23rd May 2018

Pakistan's textile exports up 8.13% in July-April FY18

The value of textile and garment exports from Pakistan increased by...

Interviews View All

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

John Kelley

Textile Events is one of the largest textile fair in the United Kingdom,...

Mala Alwani

<div>Delhi-based fast fashion womenswear brand, Besiva, aims to bridge the ...

Tejas N Patel, Navin D Patel

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

Suresh Patel
Sidwin Fabric

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

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

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