Lilliput Kidswear gets Rs385 crore infusion from Bain Capital and TPG Growth

Lilliput Kidswear (Lilliput), one of India's largest manufacturers and exporters of children's apparel and acce

Bain Capital will invest Rs266 crore ($60 million) and TPG Growth Rs115 crore ($26 million) for "a significant minority stake" in the company, the New Delhi-based children's apparel maker said in a statement.

The investment from Bain Capital and TPG Growth includes Everstone Capital exiting its early stage growth investment in the company.
Lilliput said that it aims to use the funds to rapidly expand its operations.

Lilliput has been manufacturing and exporting world class children's wear to the top kidswear brands across UK and US since 1991. Gap, Next, Carter's and Old Navy being a part of their clientele. Its domestic business includes presence of its brand in leading stores like Shopper's Stop, Lifestyle, Central, Globus, and Pantaloon.

Sanjeev Narula, founder and MD of Lilliput said, "We are thrilled that Bain Capital & TPG Growth have decided to invest in Lilliput.

We have had a wonderful investor in Everstone Capital and our experience encouraged us to continue to partner with two leading global private equity players to realize our aspirations for Lilliput." He added, "Bain Capital & TPG Growth's track record in backing world leaders and value creation speaks for itself and their significant investment is a strong vote of confidence in Lilliput's potential".

Lilliput, with Rs415 crore turnover in FY 09-10, operates more than 260 stores across the country and nine other nations.

Lilliput has a workforce of over 7500 in more than 153 cities in India and has been exporting its kidswear brands to the US and Europe.