Quadria Capital buys India’s Milestone Religare
Quadria Capital, which is currently raising a healthcare fund focused on South Asia and Southeast Asia, has acquired Milestone Religare Investment Advisors. Milestone Capital, joint owner of the asset alongside Religare Enterprises, had been looking for a buyer ever since its founder, Ved Prakash Arya, died in a freak accident in 2011.
Milestone was responsible for managing the joint venture's India Build-Out Fund I, a 2009 vintage vehicle with a corpus of INR4.5 billion ($82.8 million) that predominantly targets education and healthcare...
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