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Amber Enterprises Gets Funding from Goldman Sachs

Amber Enterprises, an OEM of Indian consumer durables is going to get an investment of Rs 400 crore from Goldman Sachs Group Inc. Goldman is going to get 34 per cent stake from the existing investor, Fairwinds Private Equity along with 14 to 15 per cent from Amber’s promoters.
Currenty, Amber’s equity is valued at Rs 800 crore with Rs 400 crore as debts on the company’s books. The firm is being advised by Edelweiss on its sales process.
S.V Sukumar, partner and sector head, KPMG India iterates,“The per capital consumption of India is still low and hence, there is enough room for growth. The companies which are linked with India’s consumption-oriented story will have buyers. The B-to-C (business-to-consumer) supplier firms always attract immediate attention from investors.”
Amber Enterprises was incorporated in 1992 by Kartar Singh and has nine companies producing original equipment for leading brands in India, as stated on the company’s website. In 2015, global PE funds including the Carlyle Group LP, Westbridge Capital Partners LLC and Morgan Stanley Infrastructure Partners LLP were involved in separate talks for acquiring a large minortiy stake in Amber, as pointed out by Mint.

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