HONG KONG, February 26, 2015-

ARIA Investment Partners IV L.P. and ARIA Investment Partners IV (Non-US) L.P. (together, "ARIA IV") are pleased to announce the investment of US$ 10 million in Nobel Hygiene Private Limited ("NHL"). ARIA IV is part of the CLSA Capital Partners ("CLSACP") platform, which is the alternative asset-management arm of CLSA, Asia's leading independent brokerage and investment group.

Based in Mumbai, NHL is India's first and leading manufacturer of adult and baby diapers which manufactures diapers and other personal hygiene products in its own facility and sells under its own brands through a vast distribution network. It is a leader in the adult diaper category selling under the brand name ‘FRIENDS' and an emerging player in the baby diaper category selling under the brand name ‘TEDDYY'.

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