KKR backed Musale family bought back stake in Classic Stripes from Navis Capital

Wodehouse Capital acted as advisor to the promoters of Classic Stripes to buy back its stake from Navis Capital

Company
Classic Stripes
Transaction
Sector
Activity
Automotive graphics
Date
Country
India

Classic Stripes (CS) is a flagship company of Astarc Group, offering Surface Augmentation Solutions to Automotive, Consumer Durables & Appliances industries across the globe.
Classic Stripes has three State-of-the-art manufacturing facilities in India which has the capacity to produce more than 16 million Graphics sets per year.
Navis Capital sold its entire 51% stake in Classic Stripes to Musale family, Promoters of the company. 
The transaction would enable Navis Capital to monetize its shareholding and would allow the promoters to take control of the growth strategy of the business.