PE firms looking to buy stake in Kurlon

Kurlon logo
Kurlon stake sale talks before IPO

Global private equity buyout funds Carlyle, KKR, Blackstone, Bain, TA Associates and Warburg Pincus are looking to buy a controlling stake in India’s leading mattress maker Kurlon. Motilal Oswal PE (MOPE) invested Rs 90 crore or $13.5 million in Kurlon valuing it at around Rs 1,000 crore in September 2015.

 For buying or selling shares of Kurlon Enterprise or any other companies, please place your order here buysellunlistedshares.com/buysell/

After the successful listing of Kurlon’s peer company, Sheela Foams, the valuation in the segment has been rich and hence investors want to cash in on that. Sheela Foams that sells the Sleepwell brand of mattresses and was listed in 2016. Its shares have almost doubled since listing.

Started in 1962 by Manipal Group’s Ramesh Pai, Kurlon claims to be India’s largest selling mattresses company manufacturing 126 different configurations. It has more than 7,000 dealers and 72 offices across 2,800 towns in India. Currently, it manufactures from seven facilities including two each in Bangalore and Tumkur besides those in Bhubaneswar, Gwalior and Uttaranchal.

Advertisements

Kurlon Enterprise unlisted PRE IPO shares

Kurlon logo
Kurlon IPO coming soon after strong performance of Sheela Foam

Kurlon Enterprise is a India’s largest manufacturer and supplier of foam mattresses. Set up in 1962, Kurlon offers a wide range of home comfort solutions ranging from mattresses (RC mattress, spring mattress and foam mattress), polyurethane foam, and home furniture and furnishing products.

For buying or selling shares of Kurlon Enterprise or any other companies, please place your order here buysellunlistedshares.com/buysell/

Kurlon Enterprise is likely to come out with IPO soon. In December 2016, number 2 player from the industry Sheela Foam was listed on the bourses. Its shares have almost doubled after listing. In October 2015, Motilal Oswal Private Equity Investment Advisors (MOPE) has invested Rs 90 crore in Kurlon Enterprise.

Kurlon has a strong Pan-India sales and distribution network supported by 4 centralised warehouses, 72 area sales offices, 160 exclusive showrooms and more than 4000 dealers and retailers. The company also has nine manufacturing units across five states — Karnataka, Gujarat, Madhya Pradesh, Uttarakhand and Odisha.