Kubera Cross-Border Fund, a close-ended private equity fund listed on the London Stock Exchange’s Alternative Investment Market (AIM), will seal four to five deals in India by the year-end.
The average size of the investment will be $20-40 million. The fund raised close to $225 million for investment in cross-border companies.
Cross-border companies are those West-based companies that seek to leverage Indian resources for lower cost and talent availability and Indian companies that seek to expand in other global markets through acquisition etc.
The fund has invested $20 million in two companies — Adayana Inc and Kejriwal Stationery. US-based Adayana Inc, an e-learning services company with offshore development operations in Hyderabad, caters to vertical markets including automotive services, defence, food, agriculture and life sciences.On the other hand, Kejriwal Stationery manufactures and distributes stationery products to customers in the US, European and Indian markets.The PE fund is likely to raise another $225 million next year by issuing more shares.
Read more in The Business Standard article.
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