Monday, Apr 15 2024 | Time 12:35 Hrs(IST)
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Business Economy


Foundation PE executes secondary transactions with Carpediem Capital

Mumbai, May 10 (UNI) Foundation Private Equity has bought stakes in three of Carpediem Capital’s portfolio companies -- Collateral Medical Pvt Ltd (Colmed), Nysaa Retail Pvt Ltd (1-India Family Mart), Sukkhi Online Pvt Ltd (Sukkhi).
This deal was achieved through a combination of secondary stake purchase and primary fund infusion, involving multiple stakeholders, a press release stated here on Wednesday.
Speaking about the development, Abhishek Sharman, managing director & founder at Carpediem Capital, and Jeremy Foo, partner at Foundation Private Equity, said "We are continuously seeking liquidity options for investors in our funds.... They worked closely to come up with a solution that generated some liquidity to existing investors while providing growth capital to the portfolio companies.”
UNI JM SS 1757
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