Gokaldas Exports (B): Update

Gokaldas Exports (B): Update

By
Nicholas Bloom, John Van Reenen, Sheila Melvin
2013|Case No.SM213B| Length 3 pgs.

In August 2007, the United States-based private equity firm the Blackstone Group acquired a 50.1 percent stake in Gokaldas Exports for $116 million. The investment was a two-part deal that included an “open offer” to Gokaldas shareholders for another 20 percent of outstanding shares valued at approximately $45 million. This gave Blackstone a total share of just over 68 percent while the Hinduja family retained 20 percent and other shareholders the remainder.

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