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ADM Capital to invest $107 mn in S Kumars, Brandhouse

Mar '07

Hong Kong-based private equity firm ADM Capital is investing $107 million into S Kumars Nationwide Ltd, the Mumbai-based Rs1,000-crore textiles and apparel conglomerate along with its retail arm Brandhouse Retail.

ADM plans to invest $82 million to acquire a 10 percent stake in S Kumars Nationwide and another $25 mn will be invested in Brandhouse Retail for another 10 percent stake in the company.

Nitin Kasliwal, Managing Director and Vice Chairman, S Kumars Nationwide (SKNL), "We will issue convertible warrants to ADM Capital."

Analysts have estimated that the textiles market in India will boom for the next 15 years, drawing in investors big-time.

S Kumars operates in worsted, ready-to-wear, consumer textiles, home textiles segments and operates S Kumar's apparel and textile showrooms and manages international brands such as Dunhill, Escada and Stephens Brothers.

Brandhouse Retail was demerged from S Kumars. It plans to use entire $25 million to fuel growth plans and expects to be listed on exchanges as a separate entity by August.

An investment of Rs400 crore is being planned to open 1,000 stores across the country over next three years, by Brandhouse.

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