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Press Release |
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iLabs
Management LLC changes name to Peepul Capital LLC Mumbai, Sep 12, 2007: iLabs Management LLC, a leading Private Equity firm focused on India, today announced the change in its name to Peepul Capital LLC. The re-branding initiative coincides with the announcement of its latest Investment Fund of USD 214 Million. With this fund, Peepul Capital would have a total of USD 325M under its corpus of managed and invested funds. Speaking about the latest India focused Fund, Sandeep Reddy, Managing Director, Peepul Capital LLC said, “I assign the success of our previous Investments to our careful and studied approach towards investments. We have developed innovative business models designed to withstand the ebb-and-flow of the markets. Our experience in sourcing and effecting India leveraged opportunities is a central feature of our investment strategy. We find value in transactions presenting unique complexities, which can be addressed only by an experienced local team with proven operational skills”. Elaborating on the re-branding of the company, he said, “The re-branding exercise is only an external expression of our internal values & ethos. The Peepul tree has deep-rooted cultural significance in the South Asian region, and as a regional fund, Peepul Capital draws from the strength of its meaning which stands for awakening or enlightenment. We believe that this truly reflects our positioning.” Peepul Capital has so far invested in sectors like Technology driven Products & Services, Telecom, Media and Consumer Products and Services. With the launch of the latest fund, the firm would continue to build on its existing domain expertise as well as explore new areas that offer attractive returns.
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