Multiples' Sankararaman Charts VIP Industries Turnaround, Eyes Family Business Buyouts

• Sridhar Sankararaman of Multiples Alternate Asset Management details strategy for VIP Industries revival and consumer sector investments.
• Multiples is 'doubling down' on acquiring family-run businesses, noting 40 such sales to PE in five years, with 10 in consumer space.
• This trend is driven by next-gen pursuing new ventures and parental preference for cash assets over business responsibilities.
• VIP Industries, a major Multiples acquisition, is undergoing a turnaround focusing on leadership overhaul and operational fixes.
• Multiples is bullish on travel, jewellery (fine jewellery segment), and select building materials sectors for future investments.

Why It Matters: Multiples is actively turning around VIP Industries and sees significant opportunity in acquiring family-run businesses.