Hong Kong-based investment firm Bravia Capital has acquired a stake in Rent Alpha Private Limited, an Indian equipment rental and leasing company, for an undisclosed amount, according to an announcement from Bravia.
“The growth trajectory of the Indian economy will need the support of specialized asset financing structures," says Sujit Cherian, head of India business for Bravia Capital.
The investment is betting on the future growth potential of the leasing market in India, especially the operating lease market, says the statement.
Founded in 2014, Rent Alpha, based in Mumbai, focuses on providing equipment rental solutions to corporate customers and specializes in residual management across different equipment classes.
Bravia Capital primarily focuses on investments in the transportation, logistics, infrastructure and financial service sectors worldwide. It has recently completed several acquisitions, including originating and structuring the acquisition of Avolon Holdings, an aircraft leasing firm.
RAPL has operations in Mumbai, Bengaluru, Pune and Gurgaon, India.
