Funds managed and/or advised by Motilal Oswal Private Equity
commits INR 400 million in Arinna Lifesciences Pvt Ltd
Mumbai, Feb 20, 2015: India Business Excellence Fund II and India Business Excellence Fund IIA, funds managed and/or advised by MOPE Investment Advisors Private Limited (“MOPE”), commit INR 400 million in Arinna Lifesciences Pvt Ltd (“Arinna”/ the “Company”), one of the fastest growing pharma companies focused on the Central Nervous System (“CNS”’) therapeutic segment.
Founded in 2013 by Mr. Vivek Seth, the Company been able to rapidly establish its presence across India and develop a reputation for quality. The Company is already one of the Top 25 companies in the CNS segment and is rapidly gaining scale and acceptance among doctors and patients. Bon Proximo acted as advisor to the Company.
According to Mr. Vivek Seth, founder of Arinna, “Investments by funds managed and/or advised by MOPE will help us to expand operations and introduce more products. We strongly believe that
MOPE is one of the premier private equity fund manager in India. Its experience of managing more than 15 companies will bring lot of value to us as we endeavor to build a world class organization.”
Mr. Raamdeo Agrawal, Chairman of MOPE concludes,” Arinna is rapidly growing pharma company and under the leadership of Mr. Vivek Seth it is well poised to leverage the phenomenal growth that is being witnessed by CNS segment. We believe that the growth in CNS segment driven by increasing awareness among patients together with strong execution skills of Mr. Vivek Seth will lead to rapid growth in Arinna.”
About Arinna
Based out of Ahmedabad, the Company was started by Mr. Vivek Seth in 2013 with the aim to provide quality products to physicians and patients across India. With more than a three decade of experience, Mr. Vivek Seth has impeccable track record of starting and scaling up pharma businesses. With improving awareness among patients the CNS segment in India is witnessing rapid growth. Arinna is well positioned to benefit from this rapid growth and has put in place the building blocks to become a very large player.
About Motilal Oswal Private Equity Business
MOPE Investment Advisors Pvt. Ltd. (MOPE) is a subsidiary of Motilal Oswal Financial Services Ltd. (MOFSL), a diversified financial services group with businesses in Securities, Asset Management, Private Equity and Investment Banking. MOPE is currently managing two growth capital funds i.e. India Business Excellence Fund (IBEF) and India Business Excellence Fund II (IBEF II) focused on providing growth capital to mid market companies, typically in the range of US$ 10-20 million, across sectors. IBEF, launched in 2007 is an INR 550 Crore ($ 125 million) is fully invested and has thirteen portfolio companies across sectors such as food processing, bulk packaging, power transformers and power infra enablers, ITES, financial services, EMS, FMCG, auto components, etc. It has already made four partial exits. On the back of its success of IBEF, MOPE has raised IBEF II, a Rs.950 Crore (~USD 160 million) growth capital fund. Currently, investments are being made through IBEF II.
In addition, MOPE is also managing two real estate funds India Realty Excellence Fund (IREF) and India Realty Excellence Fund II (IREF II). IREF, launched in 2008 is an ~INR 200 Crore domestic real estate fund focused on equity investments in real estate projects in top three cities in India viz. Mumbai, Pune and Bangalore.
About Motilal Oswal Financial Services Limited
Motilal Oswal Financial Services Ltd. (NSE: MOTILALOFS, BSE: 532892, BLOOMBERG: MOFS IN) is a well-diversified, financial services company focused on wealth creation for all its customers, such as institutional, corporate, HNI and retail. Its services and product offerings include wealth management, retail broking and distribution, institutional broking, asset management, investment banking, private equity, commodity broking and principal strategies. The company distributes these products through 1,727 business locations spread across 519 cities and the online channel to over 829,974 registered customers. MOFSL has strong research capabilities, which enables them to identify market trends and stocks with high growth potential, facilitating clients to take well- informed and timely decisions. MOFSL has been ranked by various polls such as the Best Local Brokerage 2005, Most Independent Research - Local Brokerage 2006 and Best Overall Country Research - Local Brokerage 2007 in Asia Money Brokerage Polls for India. MOSL won 4 awards in the ET-Now Starmine Analyst Awards 2010-11, placing it amongst the Top-3 award winning brokers, was ranked No. 2 by AsiaMoney Brokers Poll 2010 in the Best Local Brokerage Category and won the ‘Best Market Analyst’ Award for 2 sectors at the India’s Best Market Analyst Awards 2011. MOFSL won the ‘Best Capital Markets and Related NBFC’ award at the CNBC TV18 Best Banks and Financial Institutions Awards 2011. MOSL also won the ‘Best Equity Broking House’ award for FY11 at the Dun & Bradstreet Equity Broking Awards 2011. MOSL won the ‘Best Performing National Financial Advisor Equity Broker' award at the CNBC TV18 Financial Advisor Awards 2012, for the 4th year in a row. MOSL won ‘Best Equity Broker’ award at Bloomberg UTV Financial Leadership Awards 2012, ‘Retailer of the Year (Banking & Financial Services) award at Retail Excellence Awards 2012, and was ranked 2nd in the “Best Overall Brokerage” category by Asia Money in 2011. Motilal Oswal Private Equity won ‘Best Growth Capital Investor-2012’ award at the Awards for Private Equity Excellence 2013. MOSL was adjudged amongst the Top 20 innovators in BFSI for ‘Leveraging on technology in enhancing customer experience’ at the Banking Frontiers Finnovity Awards 2012, and won the ‘Quality Excellence for Best Customer Service Result’ award at National Quality Excellence Awards 2013
For further details contact:
Mr. Hari Krishnan
Motilal Oswal Financial Services
Ph - +91-22-39825500
Mob- +91-9820520392Mr. Anirudh Rajan / Alpesh Nakrani
Paradigm Shift Public Relations
Ph- +91-22 22813797 / 98
Mob- +91-9892343828/ +91-9869121167Mr. Rakesh Sony/Amit Mehta
Motilal Oswal Private Equity
Ph- 022-39825500