Avigo Capital invests $5 mn in Spykar

New Delhi-based private equity fund manager, Avigo Capital Partners has invested $5 million in Spykar Lifestyle, the brand that promotes Spykar Jeans, even as it is close to buying stakes in a cold-chain company and in the allied infrastructure and engineering space.

Avigo made the investment in Spykar out of its second fund called ‘The Avigo SME Fund II’, which has a corpus of $125 million. The fund is registered in Mauritius and the money was raised from Southeast Asia, Europe, India and the US.

Avigo has invested 25 per cent of the $125 million corpus in five companies in the manufacturing, industrial services, energy & infrastructure sectors.

The five companies include Tecpro Systems, a company in the bulk material handling business, GET Engineering Construction, which is into power distribution and Privi Organics, a global manufacturer of intermediate aroma chemicals for the flavours and fragrance industry.

Read more in The Business Standard article.