Samara Capital, a mid-market India-focused private equity fund, has bought out 100% of Sanjay Maintenance Services Pvt. Ltd. (SMS), one of the largest facilities management for an undisclosed amount. Sources said Samara had invested about Rs 140 crore ($20 million) for the acquisition and plans to spend an additional $30 million behind bolt-in buyouts for geographical expansion and to widen the service offerings.
\nSamara has backed a management team comprising Jolly Kochery, a facilities management industry veteran along with his team. Kochery till recently was the CEO of ISS India for nearly a decade between 2004 and 2014, driving it to leadership position of nearly 60,000 employees in India with `1,200-crore topline.<\/p>\n
Founded in 1968, SMS primarily operates in the BFSI, IT\/ITES, manufacturing, retail and office space segments and employs nearly 16,000 plus people. Their principal clients include private banks such as HDFC, ICICI, Kotak among others.<\/p>\n
Read more:\u00a0The Economic Times<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Samara Capital, a mid-market India-focused private equity fund, has bought out 100% of Sanjay Maintenance Services Pvt. Ltd. (SMS), one of the largest facilities management for an undisclosed amount. Sources said Samara had invested about Rs 140 crore ($20 million) for the acquisition and plans to spend an additional $30 million behind bolt-in buyouts for\u2026 Read More »<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[248,249],"class_list":["post-1570","post","type-post","status-publish","format-standard","hentry","category-companies","tag-samara-capital","tag-sanjay-maintenance-services"],"_links":{"self":[{"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/posts\/1570","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/comments?post=1570"}],"version-history":[{"count":1,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/posts\/1570\/revisions"}],"predecessor-version":[{"id":1571,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/posts\/1570\/revisions\/1571"}],"wp:attachment":[{"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/media?parent=1570"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/categories?post=1570"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/tags?post=1570"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}