Exhilway

Exhilway
Traded as Unlisted (as of December 2015)
Industry Financial services:private equity;investment banking (2004–present)
Products Management buyouts
Leveraged finance
Venture Capital
growth capital
Website Official Website

Exhilway Asia Ventures claims to be a private equity firm.[1][2]

History

Exhilway (a combination of "exhilaration" and "way") was started as a hedge fund. Exhilway exited hedge fund business in June, 2014.[3] Exhilway raised US $200 million Mines and Minerals Fund.[4]

Foray In The Emerging Markets

Exhilway invested in the emerging markets crowdfunding business under its platform called Exhilway Link. The project never took off.[5][6] Exhilway raised US $217 million for its India focused fund and planned for the listing on NASDAQ at a valuation of US $2.5 billion.[7]

Exit from Private Equity Business In India

Exhilway exited Private Equity business in India amid serious due diligence issues. The investor group suspended the existing management in India. The funding commitments was cancelled by the investors and a fresh due diligence was called.[8] The listing on NASDAQ was withdrawn. Exhilway revised the listing plan in December 2015 and has proposed listing on OTC Markets at a valuation of US $150–200 million, 92% lower than the valuation proposed in November 2014.[9] On January 21, 2016 Exhilway announced giving of ₹33.50 crore worth of compensatory shares to the Exhilway Global Opportunities Fund I portfolio companies selected in the last due diligence round. Exhilway also announced relaunch of the fund, trimmed down to US $50 million from US $200 million.[10]

References

  1. ↑ "Exhilway planning to raise Rs 1,500 crore crowd fund to help small entrepreneurs". Economic Times. Retrieved 23 June 2014.
  2. ↑ "Affluent Indian investor club takes to crowd funding". Economic Times. Retrieved 23 June 2014.
  3. ↑ "Exhilway Exits "Risky" Hedge Fund Business, Reassigns Funds | Hedge Fund News From HedgeCo.Net". www.hedgeco.net. Retrieved 2015-12-24.
  4. ↑ "Exhilway closes $200m mines and minerals fund, targets Indonesia". www.avcj.com. Retrieved 2015-12-24.
  5. ↑ "Private Equity Group Exhilway Global Moves Big Into Crowdfunding". Crowdfund Insider. Retrieved 2015-12-24.
  6. ↑ "Exhilway Link Will Connect Investors With Emerging Businesses - AltFi News". AltFi. Retrieved 2015-12-24.
  7. ↑ "Exhilway raises $217M in emerging mkts PE fund, eyes IPO | VCCircle". www.vccircle.com. Retrieved 2015-12-24.
  8. ↑ "Exhilway announces exit from maiden emerging markets PE fund | VCCircle". www.vccircle.com. Retrieved 2015-12-24.
  9. ↑ "Exhilway To List On OTC Markets In 2016 | Jiffy360.com". Retrieved 2015-12-27.
  10. ↑ "Here's a PE fund that wants to make up for delayed India deals with own shares | VCCircle". www.vccircle.com. Retrieved 2016-01-23.
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