PE Fund Investments
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.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
