A91 Emerging Fund II LLP has acquired a stake in Techno Sportswear Private Limited for ₹180 crore ($25 million).
TT&A represented A91 in this transaction.
The deal team consisted of Sachin Mehta (Partner), Nikhil Bahl (Partner) and Shambhavi Singh (Associate).
They were supported by the diligence team which consisted of Sachin Mehta (Partner), Utsav Agarwal (Managing Associate) and Shubham Gupta (Associate).
JSA advised Techno Sportswear on this transaction.
The transaction team consisted of Siddharth Mody (Lead Partner), Anurag Shrivastav (Partner) and Alister Sequeira (Senior Associate).
The due diligence team consisted of Siddharth Mody (Lead Partner), Alister Sequeira (Senior Associate), Prakhar Sharma (Senior Associate) and Gavin Pereira (Junior Associate).
Techno Sportswear is engaged in the business of manufacturing and marketing activewear apparel including sports t-shirts, track pants, shorts, etc. This investment will help the company enhance its market presence in India and internationally following its recent launch in South Africa and the UAE.
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