Samara Capital looks to create sector-specific platforms for future acquisitions, says report
Summary
Private equity firm Samara Capital is looking to create sector-specific platforms for catering to future acquisitions, Business Standard reported. “There will be separate verticals for retail, logistics, HR and so on, which will leverage technology to provide cutting-edge. All future acquisition in these sectors will be housed in those platforms,” sources told the paper. The …
Private equity firm Samara Capital is looking to create sector-specific platforms for catering to future acquisitions, Business Standard reported.
“There will be separate verticals for retail, logistics, HR and so on, which will leverage technology to provide cutting-edge. All future acquisition in these sectors will be housed in those platforms,” sources told the paper.
The private equity company joined Xponentia Fund Partners to buy Spoton Logistics for more than Rs 500 crore. The company is also readying itself to buy Aditya Birla Retail from the Aditya Birla Group with Amazon.
Samara is planning to close its third fund of $550 million by the end of this year, the report said. “They already have a strong food platform and taken the famous Paradise Foods biryani chain to different cities with promoters,” sources added.
Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout
3 Mins Read
Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter