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Your go-to source for news, anytime, anywhere! Insightful industry information from the textile, apparel & fashion world with our news app
Download Now
Your go-to source for news, anytime, anywhere! Insightful industry information from the textile, apparel & fashion world with our news app
Download Now
Blue River forays textiles with largest private equity investment
12 Dec '06
1 min read
Blue River Capital and its partners Brandot Investments and Argonaut Private Equity have made an investment of Rs105 crores in KPR Mill, which is a Rs450 crore integrated textile-garment firm having spinning, knitting and garment manufacturing units in Coimbatore.
This is considered as the largest private equity investment in textiles.
Well-known textile-apparel investor Martin Trust, through his enterprise Brandot Investments, will be penetrating Indian markets with this deal. KPR will partially utilize the investment for executing its Rs500 crore growth plans.
Company is trying to double its present 1,10,000 spindles. For upturning its export business of Rs140 crores, it plans to construct a new apparel unit in Coimbatore. KPR imports about 75 percent of apparel requirement, but it is expecting to generate three fourth of the same locally after expansion.
P Nataraj, Managing Director, KPR Mill, informed that company anticipates Rs1,000 crore growth within two years and Rs400 crore exports owing to expansion. Blue River Capital is entering textiles with this investment.
This is considered as the largest private equity investment in textiles.
Well-known textile-apparel investor Martin Trust, through his enterprise Brandot Investments, will be penetrating Indian markets with this deal. KPR will partially utilize the investment for executing its Rs500 crore growth plans.
Company is trying to double its present 1,10,000 spindles. For upturning its export business of Rs140 crores, it plans to construct a new apparel unit in Coimbatore. KPR imports about 75 percent of apparel requirement, but it is expecting to generate three fourth of the same locally after expansion.
P Nataraj, Managing Director, KPR Mill, informed that company anticipates Rs1,000 crore growth within two years and Rs400 crore exports owing to expansion. Blue River Capital is entering textiles with this investment.
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