New Co-CEO Anuraag steers investment with AnaCap to acquire a 1000 student bed facility from IFIM Institutions in Electronic City of Bengaluru
Hyderabad (Telangana) [India], October 28: AnaCap Financial Partners (“AnaCap”), a leading specialist mid-market private equity investor and Cappella Educore, the dedicated education infrastructure (“Edu Infra”) vertical of Cerestra Ventures, have acquired student housing assets from Bengaluru-based IFIM Institutions (“IFIM”), operated under the aegis of Centre for Developmental Education.
Sitting within AnaCap’s mid-market sweet spot, the transaction involved the acquisition of 1,000 student beds, including a combination of existing and a pipeline of new beds fully underwritten by IFIM. Located in Electronic City, Bengaluru, the student housing campus is spread across ~2.5 acres and is within walking distance of a Business School, a Law School and an undergraduate college comprising over 2,500 students. Established in 1995, IFIM is a privately owned group of Educational Institutions based in Bangalore, offering over 30 courses and ranked amongst the best business schools in India.
India has ~34 million students in the higher education space, more than double the size of the mature student housing markets in the West. Given the lack of sufficient supply, partnered with strong demand from a growing millennial student population, the market is witnessing an influx of organisations looking to capitalise on the student housing opportunity.
This marks the second student housing investment in the last 12 months where AnaCap is partnering with Capella Educore, forming a strategic partnership to focus primarily on K-12 school and student housing assets across India.
Rakesh Balasundaram, Investment Director at AnaCap, said, “This investment underscores our commitment to the Indian student accommodation sector, complemented by long-term strategic partnerships with multiple education institutions.”
Anuraag Jhunjhunwala, Co-CEO of Cappella Educore, added, “Cappella Educore is proud to be the partner of choice for two well-established institutions, AnaCap and IFIM. The latest acquisition is in line with Cappella’s strategy to acquire institutional quality student housing assets underwritten by universities. With the rapid recovery in student housing occupancy to pre-Covid levels, these education-related assets continue to demonstrate strong resilience.”
Sanjay Padode, Chairman of IFIM Institutions, also commented, “This transaction represents an exciting opportunity for the Group to smoothly transition to an asset-light model and secure capital for expansion opportunities.”
448204 829531Glad to be among the visitors on this awe inspiring internet web site : D. 98166
964175 508905In fact your creative writing abilities has inspired me to get my own website now. Actually the blogging is spreading its wings rapidly. Your write up is a good example of it. 803708
925518 694500Id forever want to be update on new articles on this website, bookmarked ! . 612982
682305 86310I gotta favorite this internet site it seems invaluable extremely beneficial 744720
804374 378327I like the valuable data you provide inside your articles. Ill bookmark your weblog and check once more here frequently. Im quite certain I will learn lots of new stuff correct here! Good luck for the next! 89078
995760 81862Yay google is my world beater assisted me to discover this great website! . 935869
731394 905498I believe this web web site has really superb composed topic material articles . 45330
448443 605075Exceptional blog here! In addition your web site rather a great deal up fast! What host are you making use of? Can I get your affiliate hyperlink for your host? I wish my site loaded up as rapidly as yours lol. 259933
My brother suggested I would possibly like this website.
He used to be entirely right. This submit actually made my day.
You can not imagine simply how a lot time I had spent for this info!
Thanks!
479733 643733I was trying to find this. Actually refreshing take on the data. Thanks a whole lot. 147832
Hey! Do you use Twitter? I’d like to follow you if that would be
okay. I’m undoubtedly enjoying your blog and look forward to new updates.
You made some respectable factors there. I seemed on the internet for the issue and found most people will go together with with your website.
172645 736237Couldn?t be created any far better. Reading this post reminds me of my old room mate! He always kept talking about this. I will forward this report to him. Pretty certain he will possess a great read. Thanks for sharing! 20578
Just wanna remark on few general things, The website pattern is perfect, the content is rattling great : D.
Excellent goods from you, man. I’ve have in mind your stuff previous to and you’re simply too excellent. I really like what you’ve received here, really like what you are saying and the way by which you say it. You are making it enjoyable and you continue to care for to stay it wise. I can not wait to read far more from you. That is really a great web site.
Thank you for the good writeup. It in fact was a amusement account it. Look advanced to more added agreeable from you! By the way, how could we communicate?
Hello there, I found your web site via Google while looking for a related topic, your site came up, it looks good. I have bookmarked it in my google bookmarks.
hello!,I like your writing very a lot! share we communicate extra about your article on AOL? I need a specialist on this area to solve my problem. Maybe that’s you! Taking a look forward to peer you.
I truly appreciate this post. I have been looking everywhere for this! Thank goodness I found it on Bing. You’ve made my day! Thx again
I am lucky that I found this blog, just the right info that I was looking for! .
The next time I read a blog, I hope that it doesnt disappoint me as much as this one. I mean, I know it was my choice to read, but I actually thought youd have something interesting to say. All I hear is a bunch of whining about something that you could fix if you werent too busy looking for attention.
I want to voice my love for your kind-heartedness for men who need guidance on this important subject. Your real dedication to getting the message all-around was extremely important and has continuously enabled girls like me to realize their objectives. Your own interesting information indicates much to me and even further to my office colleagues. Thanks a ton; from all of us.
Some really superb info , Glad I discovered this. “It’s amazing what ordinary people can do if they set out without preconceived notions.” by Charles Franklin Kettering.
Hi my friend! I want to say that this post is amazing, nice written and come with approximately all important infos. I?¦d like to peer more posts like this .
Hello my family member! I wish to say that this article is awesome, nice written and include almost all important infos. I¦d like to look extra posts like this .
There is perceptibly a bunch to identify about this. I feel you made some nice points in features also.
426719 418220Most beneficial human beings toasts really should amuse and present give about the couple. Beginner audio systems previous to obnoxious throngs would be wise to remember often the valuable signal employing grow to be, which is to be an individuals home. greatest man speech examples 990859
937942 601576Its truly a cool and useful piece of info. Im glad which you shared this helpful information with us. Please maintain us informed like this. Thanks for sharing. 70786
581861 204172For anybody who is considering about external complications, sometimes be tough amaze those to realize to produce just a single weed in this very flowing generally requires eleven liters concerning gasoline to. dc totally free mommy blog giveaways family trip home gardening house power wash baby laundry detergent 125936