AION Capital in talks to buy stake in Future Group Holding Co
BY - Vaishnavi Gupta
Assistant Editor, IndianRetailer.com & Retailer Media May 22, 2017 /
/ 1 MIN READ
Assistant Editor, IndianRetailer.com & Retailer Media May 22, 2017 /
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Private equity major, AION Capital Partners Ltd, is in advanced stages of discussion to acquire a stake in Future Corporate Resources Ltd., the holding company of Kishore Biyani’s Future Group, for around $125-150 million.
The deal will give AION indirect access to Future Group’s retail chains, from food and groceries to fashion garments.
Kishore Biyani, Chairman, Future Group, said, “There are discussions, but nothing has been finalised.”
AION is an India-focused special situations fund jointly promoted by US private equity fund Apollo Global Management and local fund ICICI Venture Fund Management Co. Ltd.
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