Symphony International Holdings Ltd Investment in Soothe Healthcare (1050B)
June 05 2019 - 1:00AM
UK Regulatory
TIDMSIHL
RNS Number : 1050B
Symphony International Holdings Ltd
05 June 2019
Not for distribution, directly or indirectly, in or into the
United States or any jurisdiction in which such distribution would
be unlawful.
Symphony International Holdings Limited ("Symphony")
5 June 2019
Investment in Soothe Healthcare
Symphony International Holdings Limited (LSE: SIHL) is pleased
to announce that it has, through a wholly-owned subsidiary,
invested in Soothe Healthcare Private Limited ("Soothe"), a company
that manufactures and distributes feminine hygiene products under
the Paree and Pariz brand names predominantly in India.
Soothe was founded by Sahil Dharia in 2012 and operates within
the fastest growing fast-moving consumer goods ("FMCG") market
segment in India. Together with government initiatives to promote
usage, growing disposable income in India is expected to drive the
market size for feminine hygiene products over the coming decades.
Symphony has entered into agreements that will provide a
significant minority position in Soothe when fully completed, which
will represent around 1% of Symphony's NAV.
Anil Thadani, Chairman of Symphony Asia Holdings Pte. Ltd. and a
Director of Symphony, said:
"We are excited with this opportunity to support a talented
management team to expand a business in a fast growing market
segment. Soothe fits well within our portfolio and core geographic
focus and we look forward to working with Sahil and his team"
For further information:
Anil Thadani +65 6536 6177
Symphony Asia Holdings Pte. Ltd.
Numis Securities Limited:
Hugh Jonathan +44 (0) 20 7260 1000
Nathan Brown
About Symphony
Symphony is a London listed strategic investment company that
invests in a wide variety of businesses in the healthcare,
hospitality and lifestyle ("HH&L") sectors (including branded
real estate developments), which are principally in Asia. It offers
a way for investors to gain exposure to businesses that benefit
from the rising disposable incomes and wealth creation in the fast
growing economies of Asia. Symphony's objective is to provide
superior capital growth by investing in high quality companies and
forming long-term business partnerships with talented
entrepreneurs. Symphony is managed by Symphony Asia Holdings Pte.
Ltd., which has a team of investment professionals with a broad
range of expertise - many of them have been working in Asia for
more than 25 years. For more information, please visit our website
at www.symphonyasia.com
No representation or warranty is made by the Company as to the
accuracy or completeness of the information contained in this
announcement and no liability will be accepted for any loss arising
from its use.
This announcement is for information purposes only and does not
constitute an invitation or offer to underwrite, subscribe for or
otherwise acquire or dispose of any securities of the Company in
any jurisdiction. All investments are subject to risk. Past
performance is no guarantee of future returns. Prospective
investors are advised to seek expert legal, financial, tax and
other professional advice before making any investment
decisions.
This announcement is not an offer of securities for sale into
the United States. The Company's securities have not been, and will
not be, registered under the United States Securities Act of 1933
and may not be offered or sold in the United States absent
registration or an exemption from registration. There will be no
public offer of securities in the United States.
The Company and the Investment Manager are not associated or
affiliated with any other fund managers whose names include
"Symphony", including, without limitation, Symphony Financial
Partners Co., Ltd.
End of Announcement
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END
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