By Swaraj Singh Dhanjal
Malhan is looking to start an investment firm of his own, but his plans are in very early days right now.
ADM Capital Europe LLP has acquired an almond orchard in Austrlaia for undisclosed financial terms.
The firm said its second private credit fund had exceeded target, and was more the twice the size of predecessor fund – KKR Mezzanine Partners I L.P – which closed in March 2015 with $1.0 billion in capital commitments.
Zhangmen currently claims to have 30,000 full time and part-time tutors, and more than a million registered students.
The firm raised a record 6 billion euros for a new buyout fund last year, an amount that may require it to do more large deals.
The fund has generated an IRR of 14.7 per cent net of fees or a 1.5x Multiple of Invested Capital, which is 0.7 per cent over its expected return at the outset of the investment.
It made the acquisition through a special purpose vehicle jointly set up with Youyoung founder and CEO Jung Ho-tae.
Nasdaq-listed solar power firm Canadian Solar Inc. has divested the Oakey 2 Solar Farm in Queensland as part of a portfolio sale to London-based Foresight Solar Fund Limited.
Kedaara plans to invest about $50 million in two tranches and acquire controlling stake from existing investors, Grey Matters Capital and Caspian Impact Advisors, and promoters.
BanyanTree Growth Capital, which held a 25% stake in Ess Kay Fincorp, completely exited the company as part of this round.