Japanese PE group buys stake in Sri Lankaâ€™s Sunshine Holdings
ECONOMYNEXT – SBI Ven Holdings Pte Ltd., investment holding company that is part of Japan’s SBI Holdings, Inc. private equity group, has bought 14.85 million shares of Sri Lanka’s Sunshine Holdings at Rs50 a share.
The acquisition gives SBI Ven Holdings an almost 11% stake in the Sunshine Holdings group.
SBI Ven Capital is a leading private equity firm that invests in financial services and technology sectors across Asia
SBI Holdings, Inc. is one of the largest Japanese PE firms with assets under management of over US$3 billion.
(COLOMBO, March 31, 2017)