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Stephenson Harwood advises on Global Private Equity Fund’s exit from Lenskart
Stephenson Harwood has advised a global private equity fund on its exit from Lenskart through a landmark IPO and subsequent sale of shares.
The IPO comprised a fresh issue of Rs 2,150 crore and an offer for sale of 12.75 crore shares by promoters and early backers. Upon listing, Lenskart was valued at roughly US$8 billion, reflecting strong investor demand.
Lenskart is India’s leading eyewear company addressing a large market of more than 500 million people in India who need vision correction. Lenskart makes it easy for customers to access high-quality eyewear via a tech-enabled omnichannel distribution platform, with an offline network of more than 1,000 retail stores around the country. The company has now expanded internationally into Southeast Asia and the Middle East.
The matter was led by a cross-office team comprising Singapore Partner Jay Tai, Hong Kong Partners Yong Ren and Amy Yu and Shanghai Of Counsel Lijuan Hou.