Established in 2001, Genesis designs, manufactures and sells luxury apparel under the Satya Paul brand. The company also has distribution rights in India for several international luxury brands, including Canali, Kenzo, Aigner, Paul Smith, Jimmy Choo, Just Cavalli and Bottega Veneta.
Vishal Marwaha, partner of Henderson Equity Partners’ Asia private equity team, said, “Genesis are one of very few promoter teams to have the vision and execution skills to institutionalise the fashion industry in India. This, coupled with the extremely strong management and design teams that they have built, provides a strong platform to execute on their vision. The Henderson team believes strongly in the Indian consumption story, especially in the affluent and aspirational segments, and Genesis fits strongly into that thesis.”
Henderson Equity Partners’ Asia team manages two funds and has offices in Singapore, Hong Kong, New Delhi and is opening an office in Beijing.
Henderson Equity Partners as a whole manages $1.5bn.
Source: Alt Assets