CLSA Capital Partners invests Rs 55 cr in Luminous Water Technologies

CLSA Capital Partners is the alternative asset management arm of CLSA while Luminous Water in Gurgaon owns Livpure, a reverse osmosis water purifier brand

CLSA Capital Partners, the alternative asset management arm of CLSA, among Asia’s leading independent brokerage and investment group, has announced the investment of Rs 55 crore ($ 9.2 million) in Luminous Water Technologies, part of the SAR Group. 

Luminous Water, which is based in Gurgaon, India, owns Livpure, a reverse osmosis water purifier brand in the Indian domestic market. Luminous Water is engaged in the design, manufacturing, distribution and servicing of water purifier and water filter systems for home, residential and commercial use.  

Increasing health awareness and the demand for pure drinking water in India as well as rising disposable incomes have created opportunities for companies with water purification systems to establish strong market positions. 

Managing Director of the ARIA Funds, Miranda Tang, commented, “This is the first investment by ARIA IV in India and in Asia, continuing ARIA’s decade old track record of successful investing in leading consumer businesses in the region. It gives us great pleasure to invest in “Livpure”. We worked with the founders of Livpure in the past which ended in a successful trade sale.

They have demonstrated the ability to scale up consumer businesses and they have a strong desire to take this business to the next level. We will help Livpure to increase its production capacity, build its brand and prepare for its next phase of growth.”