MW Corp Group is a sister company of S.Kumars Limited, one of the largest textile groups in India. MW Corp specialises in the uniform and work-wear market, vertically integrated from fabrics to retail. Stock listed on the Mumbay Stock Exchange S. Kumars is actively pursuing a strategy of international growth aiming at worldwide leadership.
Klopman International is the leading European manufacturer of textiles for the work- and protective-wear industry. It produces in Frosinone (Italy) and Monastir (Tunisia), with sales offices in Western and Eastern Europe. In 2007 it had revenues for €125 mln. It had been acquired by BS Private Equity in 2004.
The acquisition of Klopman gives our client considerable consolidation opportunities in the international market, which has a total size of over US$ 5 billion, with the advantage of a European brand and fibers with high technological content.
Cross Border, working together with our Indian partner, Meghraj SP Corporate Finance, was appointed by the buyer, because of its strong relationship with the seller and its expertise in international auction processes.
The transaction proved complex due to geographical distance and different business cultures, as well as the weakness of the target’s results, which required a substantial effort of analysis and communication on the part of the advisory team.