Shahnaz Husain Group May Raise PE Funds For Expansion
Shahnaz Husain Group is planning to raise around R200 Cr PE funds and is in talks with several international PE firms.
The company is raising these funds to expand training centres and beauty salons across the world and to launch a chain of coffee and books shops under 'StarStruck' brand. The company also plans to retail gift items under 'Shahnaz with Love' label.
The company is also looking for a strategic partner for its new coffee and books shop.
Founded in 1970 by Shahnaz Husain, the company is in the field of natural beauty and anti-aging treatments. Vertically Integrated - the group has activities as diverse as beauty training institutes, growing of its own herbs to manufacturing of its cosmetics line to retail to specialized treatments through its chain of over 200 beauty centers worldwide.
The company has over 400 franchise salons in India and abroad, with outlets in prestigious stores and locations all over the world. The company sells formidable range of nearly 350 beauty products.
The company has factories in Noida and also imports high-end beauty products from exclusive partners in Italy. Currently, Sharik Currimbhoy – grandson of Shahnaz Husian handles franchising, domestic sales, international business, multi-level marketing and now the overall management of all aspects of the business.
According to a study by the Indian market research company Rncos, the Indian Cosmetics market registered sales of around R260 Bn in 2011 and estimated to expand at a CAGR of around 17% during 2012-2015.
Recently in the space, Wellness Chain – VLCC Healthcare acquired Malaysian firm Wyann International.
Wyann is the holding company for Bizzy Body and Facial First and Masculine for, Malaysia, Singapore and China.
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KVEZAR VIEW
| Date | Transaction | Type | Buyer | Size ($mn) |
|---|---|---|---|---|
| 2012-12-12 | Shahnaz Husian Group - Fund Raise | Private Equity | 36.82 |
| Date | Type | Buyer | Target | Size ($mn) | State |
|---|---|---|---|---|---|
| 13/05/2013 | Private Equity | Goldman Sachs (Principal Investments) | BPL Medical Technologies Private Limited | 20.17 | Completed |
| 02/04/2013 | Private Equity | India Venture Advisors Private Limited | Global Baroda Hospital | - | Completed |
| 11/03/2013 | Private Equity | Temasek Holdings Pte. Limited | HealthCare Global Enterprises Limited | 25.74 | Completed |
| 28/02/2013 | Private Equity | Oppenheimer Funds Inc | Apollo Hospitals Enterprise Limited | 188.85 | Completed |
Company | ||||
| Name | Promoters | Office | Competitor | Website |
|---|---|---|---|---|
| Shahnaz Husain (India) Herbal Goods Private Limited | Shahnaz Husain | 59/61, Kasari Masari | www.shahnaz.in | |
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