Published
Mar 27, 2023
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TPG Capital sells remaining stake in Campus Activewear

Published
Mar 27, 2023

On March 24, private equity firm TPG Capital sold off its remaining stake in sports footwear brand Campus Activewear. The share sale amounted to approximately Rs 800 crore and was carried out through block deals.

Campus Activewear's footwear is designed for the whole family - Campus Shoes- Facebook


With its final stake sale, TPG Capital has generated one of the highest returns on investment in India in recent years, ET Bureau reported. The US-based business had invested Rs 268 crore in Campus Activewear in 2017 and has exited the business with a total realisation of Rs 1,700 crore which is close to 6.4 times its initial investment. 
 
TPG Capital sold off its remaining 7.62% stake in Campus Activewear through the National Stock Exchange. The business had previously sold off more than half of its stake in Campus Activewear in 2022 during its initial public offer. 

Campus Activewear’s IPO was conducted through secondary share sales worth Rs 1,400 crore. The IPO saw TPG Capital sell off 3 crore shares of the 5.32 crore shares it held in the company at the time. 
 
Specialising in sports and athleisure footwear, Campus Activewear has a presence in over 20,000 retail outlets in India. The business has just launched its latest campaign ‘Motomania’, designed to cater to the needs of the modern day biker. 

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