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New Deal

New Deal

Announced

6 May 2023

Completed

6 May 2023

Aditya Birla Fashion and Retail completed the acquisition of a majority stake in TCNS Clothing for $200m.

Financials

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Transaction Value£158m

Consideration TypeCash

Capital Owned-

Capital Bid For-

EV/Sales-

EV/EBITDA-

Share Price Premium-

One Off Charge-

bidder

Aditya Birla Fashion And Retail

target

Tcns Clothing Co

Sources

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Tags

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Clothing and Accessories

Private

Single Bidder

India

Majority

Completed

apparel company

Acquisition

Friendly

Domestic

Synopsis

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Aditya Birla Fashion and Retail, a fashion retail company, completed the acquisition of a majority stake in TCNS Clothing, an apparel company, for $200m.

Service Providers (4)

Dealmakers

legal advisors

Cyril Amarchand Mangaldas

financial advisors

Axis Capital

legal advisors

Shardul Amarchand Mangaldas & Co

financial advisors

Credit Suisse

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