The Capital Partnership (TCP), a London-based asset manager, has agreed to purchase Religare Enterprises’ real estate private equity unit Cerestra Advisors for an undisclosed sum.
Cerestra was established following the collaboration of real estate fund managers Jasmeet Chhabra and Vishal Goel with Religare.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
The firm focuses on real estate investments in the educational infrastructure such as acquisition of rent-yielding school and college buildings, and aims to set up a specialist real estate investment trust (REIT) that will be listed on the bourses. Among the company’s first offering include the Cerestra Edu-Infra Fund that acquires school assets.
The takeover of Cerestra will mark TCP’s foray into the real estate investments sector in India, and is the asset manager’s second deal with Religare in less than six months.
In April 2016, the UK firm had agreed to snap up US-based venture capital and private equity investment firm Northgate Capital from Religare and certain members of Northgate's management team.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
