Mid-market-focused private equity firm Gaja Capital is set to partially exit one more company through the IPO route by the end of this financial year while it continues to make investments from its third fund.
"Like we did in RBL and TeamLease (earlier this year), we will sell a part of the stake in CL Educate and hold on to the remaining post IPO," said Imran Jafar, general partner at the private equity firm.
The PE firm is currently investing out of its third fund that made its final close at $240 million in March. It has made three investments so far out of the fund.
Jafar also said the education sector will continue to remain the top pick for the PE firm and that it is unlikely to get more interested in fintech due to the government’s demonetisation drive.
Like this video? Sign up for our daily newsletter to get our top reports & videos.