Trikona Capital Ltd., the leading fund management firm for institutional investment in Indian infrastructure and real estate, today announced it has extended its relationship with SachsenFonds Holdings GmbH, a leading German fund manager with over $21 billion assets under management, in a deal valued at nearly $156 million.
This represents the third in a series of transactions with SachsenFonds. Trikona first established the partnership in December 2007 by selling assets in the portfolio of its London Stock Exchange-listed fund Trikona Trinity Capital PLC (LSE: TRC) to Sachsen for nearly $65 million, creating a return of 108%. In June 2008, Trikona strengthened the partnership with a $150 million deal and realized a gain of 115%. The proceeds from all three transactions total approximately $300 million to earn an average return of 117%.
“We are very pleased to have successfully completed the third stage of our portfolio sales to SachsenFonds. Our most significant deal with Sachsen to date, this agreement further illustrates the strength of our relationship, as well as our robust business model,” said Aashish Kalra, Co-founder and Managing Director. “Despite challenging market conditions, we have consistently earned over 100% return on our strategic investments, demonstrating our execution capability in India and confirming our ability to create significant value for our shareholders.”
As part of the $156 million deal, SachsenFonds and Trikona will invest more than $70 million in four new projects focused on infrastructure development in India.
About Trikona Capital
Trikona Capital is the leading fund management firm for institutional investment in Indian infrastructure and real estate assets. Trikona Capital has developed a unique and scalable platform that combines an experienced team in India, strong governance and investor reporting standards, and strategic partnerships with leading companies to invest in India's high growth industry sectors. Trikona’s diversified portfolio of investments span the residential, commercial, retail, infrastructure, industrial, hospitality, and urban rejuvenation sectors, creating a complete ecosystem of projects designed to capitalize on India’s surging economic and social development. With offices in New York, London, Delhi and Mumbai, Trikona also manages the fund Trikona Trinity Capital PLC (LSE: TRC), which has been invested into Indian real estate and infrastructure projects. For more information, go to www.trikonacapital.com.