Aditya Birla Fashion and Retail Limited has acquired Jaypore, an ethnic apparel and accessories retailer, for Rs110 crore to enter the large but untapped market of traditional wear. Established in February 2012, Jaypore sells home decor, accessories, jewelry and had revenues of Rs39 crore in FY19.
— The Economic Times
Jerome Merchant + Partners advised the exiting promoters and angel investor Haresh Chawla led by a team of partners Kalpana Merchant and Murtaza Somjee.
Khaitan & Co advised Aditya Birla Fashion and Retail, the acquirer, led by partner Vineet Shingal, principal associate Kapish Mandhyan, associate Shailesh Singh and associate Tanvi Arora.
S&R Associates acted for Aavishkar, an exiting investor, led by a team including partner Viral Mehta and associates Prachi Goel and Vidhi Sharma.
2019-06-10
Deal value: INR 110 Crore
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