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Did Multiples Private Equity generate any returns from Sara Sae exit?


Private equity firm Multiples Alternate Asset Management Pvt. Ltd has exited its debut investment by selling its entire stake in Sara Sae Pvt. Ltd, a manufacturer of hi-tech drilling equipment for land and jack-up rigs and other equipment used for oil well drilling. It sold its 46% stake in the Dehradun-based firm to private equity firm KKR-owned oil and gas asset management services platform Joulon. Separately, Joulon also pumped in some fresh money to buy shares of Sara Sae, thereby picking a majority stake in the private firm. Filings with Registrar of Companies (RoC) reveal that Joulon put in Rs...

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Multiples Private Equity Fund is a $450 million private equity fund managed by Multiples Alternate Asset Management Pvt. Ltd. It provides growth capital finance to mid-sized Indian companies. The firm seeks to invest in buyouts and spin-offs transactions. The firm makes sector-agnostic investments across the globe.

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