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Apparel exporter Gokaldas Exports Ltd, previously backed by private equity giant Blackstone, has entered into an agreement to acquire the apparel business of Matrix Clothing ......
The shares jumped as much 8% in intraday trade to hit a record high of Rs 939 on the BSE. Apart from Catamaran Ventures, Gokaldas boasts of other marquee investors including Motilal Oswal, HSBC, Goldman Sachs, ADIA
Gokaldas Exports, one of Indias largest garment manufacturers and exporters, is promoted by Florintree Advisors, a private equity firm run by former Blackstone executive Mathew Cyriac.
The apparel and manufacturing powerhouse has added the UAE-based company with five African factories to its portfolio.
The stock of the garment exporter, which crafts products for brands such as GAP, Abercrombie & Fitch, H&M, and Puma, has run up 25 percent in the past week