The funds raised will be utilised for investing in the brand, ramping up the distribution infrastructure, and building a robust organisation
Motilal Oswal Alternate Investment Advisors has invested Rs 4,000 million for a minority stake in Rajkot-based Pan Healthcare, a manufacturer of hygiene products including baby diapers, adult diapers, sanitary napkins, feminine hygiene products, etc.
The company is promoted by the Pan Group, a leading business house with diversified interests across varied segments including cement, cotton, steel, agri-trading, etc. Orbit Financial Capital acted as the exclusive financial advisor to Pan Health on the transaction.
Chirag Pan, Promoter, Pan Health said, “Our singular focus on offering the best quality product at competitive price points has enabled us to quickly establish ourselves as one of the top domestic brands in a highly competitive hygiene products category. We are excited to partner with MO Alts and look forward to leveraging their experience of backing category leaders in the consumer segment to accelerate our growth plans. The funds raised will be utilised for investing in the brand, ramping up the distribution infrastructure, and building a robust organisation to help us drive the next phase of growth.”
Vijay Dhanuka, Director and Head of Consumer sector, MO Alts commented, “We are reasonably confident that with its sharp focus on manufacturing excellence, and having delivered on its vision of creating a best-in-class manufacturing plant that surpasses even international setups, Pan Health will be able to address the above issues and create a huge impact in the personal hygiene space. The company’s strategy of creating large-scale operations, be it in manufacturing or offline distribution through a large feet-on-street workforce, will allow them to offer high-quality products at competitive prices not just across tier II/ III cities but even rural areas.”