Funds Advised by Convergent Finance Announce UsD 18 Million Investment in Kapsons Group

Convergent Finance llpAnnounced a Strategic Investment of $ 18 Million in Kapsons Group by Funds Advised by Convergent Finance. Founded in 1989, Kapsons Group has been a unique gateway for premium brands to enter and expand across tier-2 and tier-3 Citys in India. Notable, the group has been the preferred partner for International Brands seeking to expand beyond beyond metro sites into Northern India.

With this investment, the group aims to develop capability for the design and manufacture of premium garments through brand-line manufacturing partnerships, Expand its footprint Navsing Operational Efficiency and strengthening corporate governance. The Premium Apparel Segment in India is expected to grow from ~ $ 26 bn in fy23 to ~ $ 57 bn in fy27 at a Cagr of ~ 21.2% Particularly in Non-Metro Cities. The group is Well-positioned to address this demand and Cater to the Premium Fashion Markets.

Vipin Kapoor, Founder and Chairman of Kapsons Group Said, “Partnering with Convergent Finance Marks A Significant Milestone in our Journey, AS It Validates Our Ambition to Build a Market Leader in Premium Fashion. Long Term Vision Align Well With Our Values, and will be instrumental in unlocking kapsons group’s full potential. “

Harsha Raghavan, Managing Partner of Convergent Finance Said, “We are delighted to partner with vipin kapoor who have done Level, and building a national champion in the growing premium apparel space. “

About kapsons group

Founded in 1989, Kapsons Group is one of India’s first organization to Market International Brands to Customers in Tier-2 and Tier-3 Cities in North India. The group has built a strong portfolio of global fashion brands through partnerships with icons like Tommy Hilfiger, Hugo Boss, Calvin Klein, Gant, Forever New, G-STAR, G-Star, ARMANI Ex to ARMANIXE, MANGO, Mango, Vero moda, jack & jones, superdry, us polo and many more. With India Increasingly Positioned as a Competitive Hub for High-Quality Manufacturing, The Kapsons Group is seeking to leverage its understanding of the Indian Consumer and her fashion preference presences by extending Activities Into Designing and Manufacturing of Premium Garments, Making it Easier to Reach Customers and Provide them with the best brand experience. Having successfully established a strong presence Northern India, The Group Now Aims to Establish Itself as a Leading Name Across India.

About Convergent Finance LLP

Convergent Finance LLP is an Investment Management and Advisory Partnership at the Forefront of Bringing TogaTher Ideas, Capital, and Passionate Entrepreneurs. The Convergent Investment Process Involves Involves Identifying Proprietary Platform and Bolt-On Opportunities, Speed of Execution, and A Renentless Focus on Performance IMPRONCE. The convergent value investment approach believes in paying fair and reasonable valuations through bilaterally negotiated transactions.