Warburg Pincus Invests in Student Housing Provider Good Host Spaces
<span style="font-weight: 400;">Warburg Pincus has become a significant shareholder in Good Host Spaces through acquisition of HDFC Ltd.’s 24.48 percent stake along with a primary investment in the company. Existing shareholder Goldman Sachs and Baskin Lake will support the future growth of Good Hos
Published -
Apr 24, 2021 4:06 AM
Warburg Pincus has become a significant shareholder in Good Host Spaces through acquisition of HDFC Ltd.’s 24.48 percent stake along with a primary investment in the company. Existing shareholder Goldman Sachs and Baskin Lake will support the future growth of Good Host by investing additional capital to fund the company’s growth objectives. Good Host Spaces Pvt. Ltd. (“Good Host”), One of India’s leading owner and operator of purpose-built, on-campus student housing assets, announced that Baskin Lake Investment Ltd (“Baskin Lake”), an affiliate of Warburg Pincus, a leading global private equity firm, has become a significant shareholder in the company through acquisition of HDFC Ltd.’s 24.48 percent stake along with a primary investment in the company. Existing shareholder Goldman Sachs and Baskin Lake will support the future growth of Good Host by investing additional capital to fund the company’s growth objectives. Since its establishment in September 2017 as India’s first on-campus student housing platform, Good Host has grown rapidly to become India’s largest owner and operator of student accommodation assets, operating approximately 18,000 beds at highly ranked universities, such as Manipal University, O.P. Jindal Global University and Shoolini University. The company is also in conversations with several other prestigious institutes in India to expand its portfolio to 50,000 beds in the near term.
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