
Deal focus: TR leads $150m multi-asset secondary for India's Samara

TR Capital first worked with Samara Capital on a single-asset continuation fund for Sapphire Foods India – and saw the local Yum Brands franchisor go public about three months after the deal was announced. It has now reunited with Samara for what amounts to a nearly USD 150m tail-end restructuring of the Indian middle-market private equity firm’s second fund.
“For India in particular, there are two ways to generate returns as a secondary investor. You can buy average quality companies at steep discounts – we don’t like to do this because they are difficult...
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