KKR invests $625M for controlling stake in Vini Cosmetics

  • 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.