Catmoss to get PE funds

Private equity firm Saif Partners is in the final stages of picking up around 30 per cent stake

in Delhi-based kids wear retail chain Catmoss for Rs 70 crores. The fund will help the apparel maker increase the number of outlets across the country. Catmoss runs around 150 exclusive brand outlets at present besides contributing to large format stores and MBOs.

Established in the early 2000, Catmoss clocked a net profit of around Rs 7.5 crores with revenues of Rs 130 crores. Headquartered in Hong Kong, Saif Partners manages over $2 billion across three funds with China, India and Taiwan as the focus markets. It primarily invests in media, telecom, travel and tourism sectors. In India it has invested in companies such as Asian Health and Food Services Company, Speciality Restaurants, which runs chains such as Oh! Calcutta and Mainland China.

This is the second PE investment in the children’s apparel space. In April, TPG and Bain Capital picked 35 per cent stake in Lilliput Kidswear from domestic investment firm Everstone for around Rs 385 crores.