By Pramugdha Mamgain
L Catterton is willing to invest as much as $500 million in the Indian company, which is close to half of their remaining funds in Asia.
Goldman Sachs had invested Rs 300 crore in Vatika Hotels in the form of CCD, which later got translated into equity in 2015.
Four Rivers together with Chongqing Strategic Emerging Industry Equity Investment Fund, invested $615 million of new capital in Chongqing Steel
The recycler, Li Tong, could be valued at $750 million to $1 billion in any transaction.
The Chennai-based company had earlier raised Rs 30 crore from early growth investors led by Fulcrum in 2015.
Oaktree Capital Management had put Axilone up for sale early last year.
The transaction would be the second-largest deal for a single hotel in the U.S.
The investment closely follows Emerald Media’s $65m funding in Bangkok startup aCommerce
Ekuinas had invested in APIIT in 2011, buying a 51 per cent stake from Sapura Resources Bhd and in 2016 took over the remaining 49 per cent.
Along with the investment, Takayuki Yasuda, a former CEO for Komeda Co, has joined as a board member of Section Eight.