MUMBAI, India--(BUSINESS WIRE)--The date in the first paragraph, first sentence of release dated January 14, 2016, should read: 7th January, 2016 (instead of 7th January, 2015).
The corrected release reads:
BRAVIA CAPITAL TO ACQUIRE STAKE IN INDIAN LEASING PLATFORM
Bravia Capital, a Hong Kong based investment firm announced on 7thJanuary, 2016 the execution of an agreement to acquire a stake in Rent Alpha Private Limited (“Rent Alpha”), a Mumbai, India based equipment leasing company, subject to regulatory approvals. Rent Alpha focuses on providing equipment rental solutions to corporate customers and specializes in residual management across different equipment classes.
Bravia Capital believes that the leasing market in India, especially the operating lease market, has significant potential for growth in the coming years. Rent Alpha has been able to tap this market at the opportune time and to cultivate and grow trusted relationships with a wide array of blue chip clients.
Jinesh Jain, CEO at Rent Alpha said, “Partnership with Bravia Capital is of strategic importance and will help us expand in different asset classes. This will also help us accelerate our growth plans, expanding our reach and presence across the Indian market.”
Sujit Cherian, Head of India Business for Bravia Capital said, “The growth trajectory of the Indian economy will need the support of specialized asset financing structures. Hitherto, prevalent capital sources and financial products will need to be complemented by innovative solutions, such as those provided by Rent Alpha. We firmly believe that this investment provides a great platform for us to expand into the Indian market on the back of a team of experienced and world class professionals.”
About Bravia Capital
Bravia Capital is a Hong Kong based investment firm with a primary focus on transportation, logistics, infrastructure and financial service investments worldwide. Bravia Capital has recently completed several key acquisitions (some together with one or more of its strategic partners): Avolon (2016), Cronos Group (2015), Thotaka Tekhnologies India (2014), Energy Asia Transportation (2014), TIP Trailer Services Group (2013), Africa World Airlines in Ghana (2012), Seaco (2011), MyCargo Airlines (2011), MyTECHNIC (2010), and Hong Kong Aviation Capital (2010). For more information please go to Bravia Capital's website:www.braviacapital.com.