The specialist technology investor’s third fund is anchored by two private equity firms, Committed Advisors and NewQuest Capital Partners
Singapore-based tech investor Basil Partners has announced the third closed fund, powered by an independent private equity firm Committed Advisors and a leading secondaries private equity platform focused on the Asia-Pacific region NewQuest Capital Partners. Both firms were participating in the transaction with Committed Advisor’s capital of $1.25 billion (US$935 million) and NewQuest’s secondary, globally raised fund of $1.16 billion (US$847 million).
According to the company’s official statement, the company has been through a complex restructuring and secondary acquisition of a portfolio of seasoned digital services companies in achieving the third closed fund, as reported by Business Wires.
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Furthermore, a few names involved such as the Asia’s private equity veteran Soma Ghosal Dhar, who joined the team in Basil as a Partner and CEO of Basil Technology Partners Pte Ltd and took part in conceptualizing and structuring the transaction. Capstone Partners was involved as the exclusive financial advisor and placement agent for Basil in this transaction, and finally, Dechert LLP as legal counsel for the limited partners and the fund, while Basil retained Lexygen India.
“This partnership with our new investors will enable Basil to recapitalize and continue the exciting growth story in our tech services portfolio. With combined revenues of US$300 million and market recognition for their IP in new digital technologies, our portfolio companies are very well positioned to benefit from this partnership,” said Rajeev Srivastava, Managing Partner of Basil.
Led by Rajeev Srivastava, a successful serial entrepreneur, alongside Sameer Kanwar, a long standing Senior Advisor in India, Basil is well known within the technology communities of SE Asia, India and USA for founding, growing and successfully exiting tech and tech related businesses. The company’s team consists of specialist technology investors with experience in digital business transformation services using niche and high growth technologies.
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