Blackstone with Gokaldas to build global leader in apparel industry
22 Aug '07
2 min read
Mr. Akhil Gupta, Chairman and Managing Director, Blackstone Advisors India Pvt Ltd, said “Gokaldas is the leading Company in India in an industry that has seen significant growth in the Asian region post the elimination of the garment quota regime in 2005."
"This favourable industry dynamic combined with our highest regard for the management team of Gokaldas Exports were key factors in our decision to enter into this partnership. We are looking forward to using our global network in contributing to the growth of the Company in a meaningful way.”
Kotak Investment Bank acted as the exclusive financial advisor for this transaction and is the manager to the open offer being made by Blackstone.
The Blackstone Group is a leading global alternative asset manager and provider of financial advisory services.
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