PDS acquires DBS Lifestyle

Investec advised PDS on its 51% acquisition of DBS Lifestyle

Investec acted as the as financial adviser to PDS for its acquisition of DBS Lifestyle LLP (DBS). This transaction creates a win-win for both organizations. On one hand, DBS gains the patronage of the PDS platform for furthering its growth aspirations, on the other hand, PDS gains further access to leading retailers and brands enabling it to further penetrate the fashion and home categories in the Indian market.

About PDS:

PDS offers design led sourcing, manufacturing, and distribution for major brands and retailers worldwide. The company operates over 50 offices in 22 countries and reported consolidated revenues of Rs 8,828 crore in FY22.

About DBS Lifestyle:

DBS Lifestyle, founded by Divya Suri and Bhawnish Suri, is a design-led company catering to fashion and home categories. It owns over 20,000 original textile designs and patterns and serves over 200 fashion and 150 home clients.

Client feedback:

“We are thrilled to associate with Bhawnish and Divya who bring with them distinct design-led capabilities. While DBS has already carved a niche for itself in both the domestic and international markets, we believe under the aegis of the PDS platform, DBS is poised to catapult into the next league.”
– Pallak Seth, Vice-Chairman, PDS

“Divya and I founded DBS with an aim of creating a one-of-a-kind turnkey company offering customized design solutions. In our first phase, we have created a sturdy foundation for DBS, and this partnership will spur our next phase of growth.”
– Bhawnish Suri, Founder, DBS

“India has been gaining tremendous traction in the global fashion space, both from a supply and demand standpoint. With this transaction, PDS augments its capabilities in India and further builds our design capabilities for servicing global customers. With DBS’s experience and insights into evolving fashion trends, our partnership will provide customers with quality products, exceptional design, and great value across fashion and home categories.”
– Sanjay Jain, Group CEO, PDS