IndiaCo Ventures, a BSE-listed private equity firm, has struck an alliance with The Crescendo Group Ltd, operator of the Xeon International brand which will involve the Indian investment management firm working with Xeon International Private Equity Division, by providing advisory services to XeonFund Sif/ Sicar, a PE fund focused on emerging markets.
IndiaCo will also offer corporate finance activities to potentially distribute the Family Office services portfolio in India. Xeon International will provide IndiaCo with various corporate finance, advisory, Family Office services and PE investment opportunities in other major global markets, the firm has disclosed.
IndiaCo Ventures’ scrip was up 3.23 per cent at BSE and was quoting at Rs 16 a share in early trading hours on Monday.
Yves Duponselle, CEO at Xeon International said, “Our research suggests that the Indian market will continue to have a bright outlook and that we need a stable partner in the market. We see IndiaCo as a very savvy business partner with a great business vision.
Headquartered in Luxembourg, Xeon International operates within four functional areas: Private Equity, Corporate Finance, Growth Management Advisory and Family Office Services.
Three months back, IndiaCo had roped in Canadian asset management group Core Partners Inc to buy a significant minority stake in one of its investment arms for $6.4 million. The money is to be utilised for further investments in consumer-related businesses in India such as healthcare, media & entertainment and food services.
In February this year, IndiaCo had also floated IncuCapital, a hybrid venture capital company that incubates and funds start-ups. It works with various academic institutions and has set up base incubators across different domains like management, engineering, medicine/pharma, law and hotel management.