2 global PE investors show interest to invest $250 mn in Srei Equipment Finance

Kolkata: The US-based Arena Investors LP and Singapore’s Makara Capital Partners have proven interest to invest up to $250 million in Srei Equipment Finance, the Srei Group introduced on Thursday. Srei Equipment is a wholly-owned subsidiary of .

Srei’s strategic coordination committee, headed by unbiased director Malay Mukherjee, will coordinate and negotiate with the PE investors to convey the capital. Ernst & Young will likely be advising the committee on the proposed fund elevating.

Arena Investors LP is a multi-strategy funding agency with $2.2 billion of dedicated capital. It offers inventive options for these looking for capital in particular conditions, Srei mentioned. The agency’s funding mandate is global, and likewise unconstrained in phrases of asset class and trade.

Makara Capital Partners is a global monetary providers firm beneath the regulatory purview of the Monetary Authority of Singapore. Founded in 2005, Makara Capital specializes in fund administration, personal fairness in addition to structuring and financing with a core give attention to innovation, infrastructure and power.

Srei is trying to increase capital, in parallel to its debt realignment plan. The lender is struggling to meet compensation obligations due to cash-flow issues since assortment and realisation from its debtors took a success in the course of the pandemic. The group proposed its lenders together with State Bank of India,

, Union Bank of India and Uco Bank to restructure the loans and align compensation schedule with money move era.

Last 12 months, Srei Infrastructure Finance transferred its companies, property and liabilities to Srei Equipment Finance in a hunch sale.

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