PE Fund Investments
Goldman, Warburg sell student housing co Good Host Spaces for Rs.2,700-Cr to Alta Capital
Real estate investment and asset management firm Alta Capital has acquired Goldman Sachs' and Warburg Pincus' 100% stake in student housing platform, Good Host Spaces, for USD 320 million (about INR 2,700 crore.) Started in 2017, Good Host Spaces has 25,000 beds across five cities. Goldman held around 70% in the company that owns and operates third-party, purpose-built, on-campus student housing assets across institutions such as Manipal University, OP Jindal Global University and Shoolini University. The platform was initially backed by Goldman Sachs and mortgage lender HDFC. In 2021, Warburg Pincus' affiliate Baskin Lake Investment acquired HDFC's 24.48% stake along with a primary investment. Brookfield Asset Management and Singapore's Keppel Corp were among the other entities that had shown interest in acquiring the company.
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