NewQuest Capital Partners has made the second deal from its recently closed third fund by investing in the only two assets held in private equity firm Paragon Partners‘ portfolio – both of which are India-based.
The direct secondaries firm, which is planning to open a Mumbai office this year, invested $21 million in construction company Capacit’e Infraprojects and precision engineering company Maini Precision Products through a combination of primary and secondary shares, according to a statement.Â
Hong Kong-headquartered NewQuest invested alongside Infina Finance, an investment company owned by Mumbai-based investment bank Kotak Mahindra.
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