Exclusive: Peepul Capital seeks to exit water treatment solutions firm
Private equity (PE) firm Peepul Capital is looking to sell its entire stake in one of its portfolio firms nearly seven years after making the investment, two persons privy to the development told VCCircle. The sector-agnostic investment firm is planning to float its fourth fund by the middle of this year. The PE firm’s plan for the fourth fund come more than six years after it raised a little less than $320 million in its third outing in 2010. The firm has been otherwise focusing on striking exit deals from its first two funds. It has recently bought out the...
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Aquatech Systems engaged in manufacturing and exporting water and waste water treatment plants and its components. Its products include pre treatment plants, filteration units, water softeners, dm plants, condensate polishing units, reverse osmosis plants, drinking water treatment plants and wastewater treatment plants. The company was founded in 1998 and is based in Pune, Maharashtra.