Wednesday, June 2, 2010

Private Firm to Buy Stake in Catmoss

Private Equity Firm SAIF partners may buy around 30% stake in Delhi based kidswear retail chain Catmoss for Rs. 70 crore.

Catmoss runs around 150 exclusive brand oulets.

Established in early 2000, it clocked a net profit of around 7.5 crore with a revenue of Rs. 130 crore.

This is second PE investment after TPG and Bain Capital took 35% stake in Lilliput Kidswear.

The Market for children's apparel is about Rs. 21000 crore.

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