Advent International buys stake in ASK Group
Private equity firm Advent International has acquired a significant minority stake in advisory and asset management business ASK Group.
The firm did not disclose the financial details. However, a person familiar with the transaction told VCCircle that the PE firm has invested $125 million in ASK.
“This will enable ASK Group to scale up existing business, and explore new business opportunities domestically and internationally,” said Sunil Rohokale, managing director and chief executive of ASK Group.
The firm is raising its fifth realty fund, a Rs 2,000 crore special situations fund, which will have a 50% offshore component, Rohokale said.