Hong Kong-based investment firm Bravia Capital has executed an agreement to acquire a stake in Mumbai’s Rent Alpha Private Limited, an equipment leasing company, subject to regulatory approvals.
Rent Alpha focuses on providing equipment rental solutions to corporate customers and specializes in residual management across different equipment classes.
Bravia Capital believes that the leasing market in India, especially the operating lease market, has significant potential for growth in the coming years. Rent Alpha has been able to tap this market at the opportune time and to cultivate and grow trusted relationships with a wide array of blue chip clients.
Jinesh Jain, CEO at Rent Alpha said, “Partnership with Bravia Capital is of strategic importance and will help us expand in different asset classes. This will also help us accelerate our growth plans, expanding our reach and presence across the Indian market.”
Sujit Cherian, Head of India Business for Bravia Capital said, “The growth trajectory of the Indian economy will need the support of specialized asset financing structures.
“Hitherto, prevalent capital sources and financial products will need to be complemented by innovative solutions, such as those provided by Rent Alpha. We firmly believe that this investment provides a great platform for us to expand into the Indian market on the back of a team of experienced and world class professionals,” he said.
The acquisition, announced January 7, 2016, is subject to regulatory approvals. fii-news.com
