CORRECTING and REPLACING Bravia Capital to Acquire Stake in Indian Leasing Platform
MUMBAI, India–(BUSINESS WIRE)–The date in the first paragraph, first sentence of release dated January
14, 2016, should read: 7th January, 2016 (instead of 7th
January, 2015).
The corrected release reads:
BRAVIA CAPITAL TO ACQUIRE STAKE IN INDIAN LEASING PLATFORM
Bravia Capital, a Hong Kong based investment firm announced on 7th
January, 2016 the execution of an agreement to acquire a stake in Rent
Alpha Private Limited (“Rent Alpha”), a Mumbai, India based 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.”
About Bravia Capital
Bravia Capital is a Hong Kong based investment firm with a primary focus
on transportation, logistics, infrastructure and financial service
investments worldwide. Bravia Capital has recently completed several key
acquisitions (some together with one or more of its strategic partners):
Avolon (2016), Cronos Group (2015), Thotaka Tekhnologies India (2014),
Energy Asia Transportation (2014), TIP Trailer Services Group (2013),
Africa World Airlines in Ghana (2012), Seaco (2011), MyCargo Airlines
(2011), MyTECHNIC (2010), and Hong Kong Aviation Capital (2010). For
more information please go to Bravia Capital’s website: www.braviacapital.com.
Contacts
YeaJin Lee, 212-798-9554
yeajin.lee@cohnwolfe.com
