Deal Alert: Everstone Capital and Helion Venture Partners invest in Bangalore based salon chain R& R Salons (“YLG”)
From the Press Release: Bangalore-based salon chain R&R Salons Private Limited (“YLG”) today concluded its second round of private equity funding. This round saw participation from Everstone Capital and its existing investor, Helion Venture Partners. Avendus Capital was the sole financial advisor to R&R Salons on this transaction. R&RSalons runs the “YLG” brand of salons, with Twenty salons in Bangalore and Pune, along with its Beauty Academy, ISHA. The proceeds of this fund raise will be used towards YLG’s organic growth plans and expand into major cities across thecountry. Mr.Sameer Sain, Co-founder and Managing Partner at Everstone Capital, said “The Beauty and Grooming services space is growing rapidly and is highly fragmented. YLG has built a strong regional brandand our goal is to make it a leading national player. A combination of a strong management team and Everstone's strong operational capability and growth capital give us the confidence that YLG can truly be...