13-11-2012, 10:52 AM
S$22M is a cheap price to delist for a growing brand like Harry's, with all the operations mapped out.
The owner gets ~$10M from his 40+% stake, and the fees for next 3 years.
The PE investor gets a reputable brand to fast track. Indians are great drinkers, so this is really a good deal for the PE players. I will not be surprised to see the PE players list it on mumbai stock exchange for 10 times this valuation in a few years
The owner gets ~$10M from his 40+% stake, and the fees for next 3 years.
The PE investor gets a reputable brand to fast track. Indians are great drinkers, so this is really a good deal for the PE players. I will not be surprised to see the PE players list it on mumbai stock exchange for 10 times this valuation in a few years