Related Keywords: acquired significant stake, Advent International, also sells premium range of products, casual wear, Dixcy Scott, Dixcy Textiles, leading US-based private equity investor, sells leading innerwear brand, shorts and polo t-shirts, South Indian firm, such as track pants
Advent International, the leading US-based private equity investor, has acquired significant stake in Dixcy Textiles Pvt. Ltd, the South Indian firm which sells leading innerwear brand Dixcy Scott.
Dixcy company’s founder and managing director Prem Prakash Sikka will retain a stake in the company and continue as the chairman following the completion of the transaction, said a company statement. Financial terms and other details were not disclosed.
