New Delhi-based private equity fund manager, Avigo Capital Partners has invested $5 million in Spykar Lifestyle, the brand that promotes Spykar Jeans, even as it is close to buying stakes in a cold-chain company and in the allied infrastructure and engineering space.
Avigo made the investment in Spykar out of its second fund called ‘The Avigo SME Fund II’, which has a corpus of $125 million. The fund is registered in Mauritius and the money was raised from Southeast Asia, Europe, India and the US.
Spykar Lifestyle also plans to tap the capital market before September 2009.
(Source: Business Standard)
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