By Ishita Russell
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.
A broader universe may “enable the fund to be invested in different types of companies to those that are available in the public equity market,” the fund said in a letter to the Finance Ministry.
Sahajanand Medical Technologies (SMT), a maker of cardiac stents, has raised nearly $36 million (Rs 230 crore) in a funding round led by Morgan Stanley Private Equity Asia (MSPEA), it announced on Wednesday. Existing investor Samara Capital also participated in the round. As part of the current transaction, a fund… Read more »
Hotel deals, including mergers and acquisitions, are likely to pick up further in 2018.
CHEP Recycled supplies and recycles over 90 million, primarily whitewood, pallets annually in the US and Canada.