Private Equity

Liquidity Events

SoftBank, others to pare stake in baby products retailer FirstCry through secondary sale

Economic Times  

Japan's SoftBank and NewQuest Capital Partners are among existing investors seeking to sell shares of Pune-based, IPO-bound baby products retailer FirstCry via a secondary sale valuing the firm at USD 3.5-4 billion. SoftBank, which is the biggest investor in the omnichannel company with a 29% stake, wants to reduce its holding to less than 25%. FirstCry has reportedly held talks with Mumbai-based private equity firm Kedaara Capital, for the deal.