Home >Industry >Banking >2 PE funds mull capital infusion in Srei entity

Kolkata-based non-bank lender Srei Equipment Finance Ltd has received expressions of interest for capital infusion of up to $250 million from two private equity (PE) funds, US-based Arena Investors LP and Singapore’s Makara Capital Partners, it said on Thursday.

“The company’s strategic coordination committee (SCC), chaired by Malay Mukherjee, independent director, will coordinate, negotiate and conclude discussions with the PE investors to bring the capital into the business and advise the management," it said.

Arena Investors LP is a multi-strategy investment firm with $2.2 billion of committed capital and the firm’s investment mandate is “unconstrained" in terms of asset class and industry, Srei said. On the other hand, Makara Capital Partners is under the regulatory purview of the Monetary Authority of Singapore, it said. Makara Capital, Srei said, specializes in fund management, private equity, as well as structuring and financing with a core focus on innovation, infrastructure and energy.

“The SCC will engage in discussions with the potential investors to raise fresh capital, which will provide cushion against the pandemic-induced stress," Srei said.

The SCC, Srei said, will also be the nodal point for a comprehensive cash flow realignment plan with banks and financial institutions and for all external service providers, including investment bankers, lawyers and consultants.

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