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KSL Capital takes minority stake in Asian resort operator

11/26/2019| 3:35:13 PM| 中文

Hong Kong-based Sailing Capital, which had invested in Soneva in 2014, redeemed its investment in the operator.

An affiliate of private equity firm KSL Capital Partners has taken a "significant minority stake" in Bangkok-based resort developer and operator Soneva—which operates luxury resorts in the Maldives and Thailand—to support the Asian company’s short- and long-term development goals. 

As part of KSL's investment, Hong Kong-based Sailing Capital, which had invested in Soneva in 2014, redeemed its investment in the operator. With the support of Sailing’s investment, Soneva was able to expand its portfolio in the Maldives and open the Soneva Jani Resort in 2016.

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TAGS: KSL Capital | Soneva | acquisition | minority stake
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