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    Home»Investments»KKR invests $625m for controlling stake in Vini Cosmetics
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    KKR invests $625m for controlling stake in Vini Cosmetics

    June 21, 20211 Min Read
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    Henry Kravis, co-chief executive officer of KKR & Co. LP, speaks at the Bloomberg Year Ahead: 2014 conference in Chicago, Illinois, U.S., on Wednesday, Nov. 20, 2013. Kravis said corporate sales are growing faster in Europe than in the U.S. or Asia as consumers in the region accelerate spending. Photographer: Daniel Acker/Bloomberg via Getty Images
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    Darshan Patel, Chairman & Joint-Managing Director, and Dipam Patel, Joint-Managing Director of Indian personal care and beauty products company Vini Cosmetics, and Sequoia Capital, are to sell a majority stake in the Company to KKR for approximately $625 million.

    The Co-Founders will continue to hold a significant stake in Vini and collaborate with KKR in the next phase of the Company’s growth. In addition, existing investor WestBridge Capital will acquire a further stake from the Founder Group to increase its shareholding in Vini.

    Upon completion of the transaction, the Co-Founders and WestBridge Capital will continue to hold a significant position in Vini. Darshan Patel will continue as the Chairman of Vini’s Board and Dipam Patel will be appointed as Vice Chairman of the Board.

    Read more/Source: Private Equity Wire

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