Private Equity Deals & Transactions

NewQuest makes second deal from Fund III

The direct secondaries firm, which is planning to open a Mumbai office, has made a $21m investment in construction and engineering companies in India

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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. 

Hong Kong-headquartered NewQuest invested alongside Infina Finance, an investment company owned by Mumbai-based investment bank Kotak Mahindra.

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