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TPG Growth and QRG, the family office of the promoters of Havells Group, acquired a significant minority stake in casual sports and footwear brand Campus Activewear.
PDS Legal advised Campus Activewear and the team was led by Partner Probal Bhaduri along with Principal Associate Nidhi Arora, Senior Associate Nishant Arora and Associate Kajal Tandon.
Shardul Amarchand Mangaldas acted for TPG Growth and QRG and the team was led by Partner Iqbal Khan, Counsel Abhinav Bhalaik, Senior Associate Faraz Khan and Associate Tanavi Mohanty.
TPG and QRD picked a 20% stake valuing the company at Rs 1,500 crore, reported ET.