TR Capital led consortium to buyout Samara Capital's 3 portfolio cos for $150-M

A consortium of investors led by secondaries focused Private Equity investor TR Capital is to acquire three India-headquartered businesses from Samara Capital Partners Fund II for USD 150 million. Other buyers in the consortium including Axiom Asia Capital, StepStone Group and Unigestion. The companies are Surat-based Sahajanand Medical Technologies, which manufactures cardiovascular devices, FirstMeridian Business Services, a staffing company, and Hyderabad-based Paradise Food Court, a biryani chain restaurant. The deal will provide an exit to investors in Samara's Fund II whose term is scheduled to end in 2024.