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Exclusive: Fairwinds PE seeks to exit valves maker, hires banker

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Fairwinds Private Equity has set the ball in motion to sell its entire stake in a portfolio firm nearly three years after making the investment, a person privy to the development told VCCircle. The PE firm has also hired a banker to help formalise the process, the person said, asking not to be named. Fairwinds was previously known as Reliance Equity Advisors, the PE firm under Reliance Capital Ltd. It was renamed Fairwinds after its top team completed a spin-off in early 2014. The firm is currently managing Reliance Alternative Investments Fund - Private Equity Scheme I – a $200-million...

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(Reliance Capital Private Equity)

Fairwinds Private Equity (formerly Reliance Equity Advisors India Ltd.) is the private equity and advisory arm of the Reliance ADA Group. It provides finance to late stage, buyout, Secondary transaction and merges and acquisitions to companies operating in India. The firm seeks to invest in domestic consumption, services, manufacturing, infrastructure and real estate business sectors. The company is based in Mumbai, Maharashtra.

Dembla Valves Ltd. is engaged in manufacturing and testing control valves. Its products include globe control valves, butterfly valves and ball valves. It offers sales, warranty, desk, emergency call and spares support services. The company was founded in 1985 and is based in Thane, Maharashtra.

Head office:
Thane
Year Founded:
1985
Website:
Management:
Kanaiya Navalmal Dembla, Jayprakash Navalmal Dembla

Khadim India Ltd. (formerly Khadim Chain Stores Ltd.) operates as a footwear retailer in India. It offers footwear for men, women and children. The firm also offers accessories including bags, belts, wallets, socks, mobile cover, polish and brush, bristles and mobile pouch. Khadim India Ltd. was founded in 1965 and is based in Kolkata, West Bengal.

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