Peterson Partners, a US-based private equity firm, has made a $3 mn investment in KPR Mills Limited. KPR Mills is a Rs. 450 crore-integrated textile and apparel company and owns spinning, knitting and garment making facilities. It was established in 1975. It has a global presence in the garment exporting industry including cotton yarn, fabric and knitted apparel.
KPR Mills is also the recipient of the largest PE investment in the Indian textile sector. In December 2006, Blue River Capital along with partners Brandot Investments and Argonaut Private Equity had invested Rs. 105 crores in the Coimbatore-based company.
Peterson Partners is based in Salt Lake City in Utah, USA. Peterson specializes in small to mid-sized companies. It was founded in 1995 and has over $300 mn under management through four funds.
Read the press release here.
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