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Trikona Makes $156M Deal with German Fund

MUMBAI, INDIA-The firm is partnering with Germany-based SachsenFonds to co-invest $70 million into India's infrastructure, and divest $86 million into Trikona portfolios.

By Ryan Clark | Updated on September 17, 2008

MUMBAI, INDIA-Trikona Capital Ltd., the leading fund management firm for institutional investment in Indian infrastructure and real estate, is continuing a standing relationship with SachsenFonds Holding GmbH. The German fund will look, along with its partner, to invest $70 million into Indian infrastructure, divesting the rest of the $156 million into asset portfolios of Trikona’s.

“We are very pleased to have successfully completed the third stage of our portfolio sales to SachsenFonds,” says Aashish Kalra, co-founder and managing director of Trikona, in a statement. “Our most significant deal with Sachsen to date, this agreement further illustrates the strength of our relationship, as well as our robust business model.”

The German-based fund previously partnered with the firm for two other transactions, starting in December of 2007. Sachsen purchased assets from the Trikona Trinity Capital PLC portfolio for $65 million, as well as partnering again for a $150-million-deal in June of 2008. The June 2008 deal will partially fund a co-investment with Trikona of $40 million to Mumbai, India to refurbish four acres of middle-class housing and build high-end luxury homes as part of Trikona’s urban rejuvenation platform. Sachsen is contributing 55% of the investment cost.

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