Avendus Capital Advises Pennar Engineered Building Systems Limited on Its Fund Raising From Zephyr Peacock.

Pennar Engineered Building Systems Limited (PEBS Pennar), a Pre-Engineered Building solution provider, has concluded a fund raise from Zephyr Peacock.

PEBS Pennar is a subsidiary of the INR 1,400 Crore Pennar Industries Limited. PEBS Pennar is in design, manufacture, supply, and installation of cost-effective pre-engineered steel buildings and building components for industries, warehouses, commercial centers, multi storied buildings, aircraft hangars, defense installations, sports stadia and many others. PEBS Pennar has established itself as a leading player in short period in Pre-Engineered Building segment by delivering complex structures and catering to marquee clients.

PEBS Pennar has a world class manufacturing facility near Hyderabad (Sadashivpet, Medak District) with capacity of 90,000 MTPA. This fund raise will enable PEBS Pennar to set up a facility in the North/West to capture the demand in these markets.

Avendus was the sole financial advisor to PEBS Pennar on this transaction

Deal Value

Undisclosed

Service

Private Equity

Sector

Industrials

Date

April 2013

The funds will help PEBS further consolidate its leadership position and expand its geographical footprint. There is a huge demand for pre-engineered steel buildings and building components with demand coming in from newer sectors. Being a leading player, Pennar is best suited to capitalise on this demand with its cutting edge engineering capabilities. Zephyr Peacock will be an ideal partner for PEBS, given its strong track record of value addition to fast growing businesses and global emerging markets footprint.

Girish Nadkarni

Executive Director, Avendus Capital

Within a short span of three years, PEBS Pennar has managed to evolve into a premier provider of custom‐designed building solutions to major industrial and corporate houses in India and Africa. It is our goal to achieve INR10 Billion in sales within the next three years and we are pleased to have Zephyr Peacock with us as our partners in this endeavour. We are encouraged by their insightful and rigorous validation of our business and their track record of helping businesses achieve sustained high growth.

Mr. Nrupender Rao

Chairman, Pennar Industries

About PEBS

Pennar Engineered Building Systems Limited (PEBS), delivers end to end engineered steel building solutions for commercial, industrial, logistics, aviation, agriculture, sports stadia and other sectors. The company is a one stop provider of planning, design, manufacture, supply and installation of custom designed steel building systems and building components. The company was formed to leverage opportunities in India’s growing construction and infrastructure sectors, with a vision of being one of the most preferred producers of high quality custom designed building systems in the country.