The US-based private equity firms are eyeing a controlling stake in Pepe Jeans' Indian subsidiary.
Three US-based private equity funds are in the running to acquire Pepe Jeans' Indian subsidiary, according to a Mint report.
Advent International, The Carlyle Group and General Atlantic Llc (GA) have been shortlisted to buy a controlling stake in Pepe Jeans India, a source told the paper.
Earlier, KKR & Co. and Everstone Capital Advisors Pvt. Ltd were also in talks to acquire the apparel company's Indian arm.
The Barcelona-based company is looking to value Pepe Jeans India at Rs 2,000 crore, the report said.
Kotak Investment Bank advised Pepe Jeans on the deal, the report said.
L Capital Asia (now L Catterton Asia) and Lebanese group M1 bought a majority stake in Pepe Jeans in 2015.
L Catterton Asia is a part of Moet Hennessy Louis Vuitton SA (LVMH).
Pepe Jeans India CEO Kavindra Mishra did not respond to Mint's call for a comment. A spokesperson from Carlyle Group declined to comment. GA, Advent did not respond to Mint's request for comment.
Pepe Jeans was originally founded in London.