Investment firm Morgan Stanley Private Equity and Kotak's fund are experiencing robust returns from their shared portfolio in Samara.
Samara Capital, Morgan Stanley, and Kotak Mahindra Bank Set to Realize Further Returns with SMT IPO
In a significant move, Samara Capital, Morgan Stanley's PE arm, and Kotak Mahindra Bank are gearing up for a larger liquidity event with the upcoming Initial Public Offering (IPO) of SMT, a cardiovascular devices maker. This IPO, structured as an offer-for-sale (OFS) issue, will see shares held by promoters and investors, including the aforementioned funds, sold to the public.
According to recent reports, SMT refiled its IPO as a complete OFS issue of 2.76 crore equity shares. The trio of investors has already made partial exits from SMT, resulting in strong gains of over Rs 100 crore. They anticipate this IPO to provide a larger liquidity event, enabling them to realize further returns.
This anticipated larger liquidity event represents a significant opportunity for these investors to liquidate or partially exit their holdings in SMT. It follows their prior partial exits from the company, which generated substantial returns.
The exact portfolio company from which these investors exited has not been specified. However, the website offering privileged access to exclusive articles for Pro members does not provide any information about the nature of the portfolio company or the investors' roles within it.
It is worth noting that the website does offer a feature for logging in for existing Pro members. But it does not provide any information about the timeline of the liquidity event or the investors' plans for future investments.
In summary, the SMT IPO with an offer-for-sale structure is the key liquidity event imminent for Samara Capital, Morgan Stanley's PE arm, and Kotak Mahindra Bank. This event will provide these investors with the opportunity to monetize their portfolio stakes in SMT, potentially realizing further returns.
The forthcoming Initial Public Offering (IPO) of SMT provides an opportunity for Samara Capital, Morgan Stanley's PE arm, and Kotak Mahindra Bank to monetize their portfolio stakes in SMT, potentially realizing further finance gains. The investors have already made partial exits from SMT, generating strong finance returns of over Rs 100 crore.
