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Announced

15 Sep 2022

Completed

15 Sep 2022

Varde Partners completed the $49m investment in Casagrand.

Synopsis

Varde Partners, a US-based alternative investment fund, completed the $49m investment in Casagrand, a Chennai-based real estate developer. The money has been invested against a portfolio of real estate projects. The builder is in talks to buy a 45-acre land parcel at Kelambakkam Road, Chennai.

Principals

target

CASAGRAND

bidder

Varde Partners

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Market Context

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Seller Team (1)

arun mn

Founder and Managing Director at CASAGRAND

Manager

target

Deal

£ 42 M

Total Value

Bidder Team (4)

priyamvada shenoy

Partner at AZB & Partners

Lawyer

bidder

Deals

£ 295 M

Total Value

ilfryn carstairs

CEO, CIO and Partner at VARDE PARTNERS INC

Investor

bidder

Deals

£ 2.77 B

Total Value

hardeep sachdeva

Partner at AZB & Partners

Lawyer

bidder

Deals

£ 1.54 B

Total Value

nitin saluja

Senior Associate at AZB & Partners

Lawyer

bidder

Deals

£ 87 M

Total Value

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