Venture Intelligence (TSJ Media Pvt. Ltd.)
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Germany-based turnaround specialist Mutares plans $250-M India fund
Munich, Germany-headquartered turnaround specialist Mutares is set to launch a USD 250 million India-dedicated fund in mid-2025 to acquire underperforming companies in manufacturing space. The fund will have both offshore and domestic investors and would be the first country-specific fund from Mutares.Mutares, which specialises in buying underperforming companies and turning them around, had acquired an 80% controlling interest in Peugeot Motocycles from the Mahindra Group in 2022. It also owns SFC Solutions, a supplier in the automotive industry with strong Indian presence.
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.