KKR invests $625M for controlling stake in Vini Cosmetics

June 27, 2021

KKR (NYSE:KKR) and Vini Cosmetics have signed an agreement pursuant to which the Vini's Co-Founders Darshan Patel and Dipam Patel will sell a majority stake in the Company to KKR for ~$625M.

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.

The transaction is expected to close in July 2021.

Founded in 2010, Vini manufactures, markets and distributes its branded deodorants, cosmetics and toiletries through its flagship brand FOGG, OSSUM, GlamUp, and several others.

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