Henderson Equity Partners has completed US$17 million investment in luxury retail company Genesis Colors Private Limited (Genesis), on behalf of Henderson Asia Pacific Equity Partners. The key people close to the deal informed Henderson could have picked close to 12 per cent stake in Genesis.
Genesis is engaged in the design, manufacture and sale of luxury apparel under the Satya Paul brand and also has distribution rights in India for several leading international luxury brands, including Canali, Kenzo, Aigner, Paul Smith, Jimmy Choo, Just Cavalli and Bottega Veneta. The company was advised by Ernst & Young. Genesis Luxury Fashion Pvt. Ltd plans to open 50 to 70 luxury retail stores for its brands across the country in the next 3-4 years. Last year, Genesis had raised Rs 110 crore from three PE investors –– Sequoia Capital Fund, Mayfield Fund and Silicon Valley Bank.