Swiss PE fund Capvent AG acquires 51% stake in Chennai-based MORF India Limited

Switzerland-based PE fund Capvent AG has picked up a majority stake in MORF India Limited, a Chennai-based water engineering company. The PE fund acquired 51% stake for undisclosed amount and this capital will be channelised into developing new products, brand campaigns and also in the national expansion plans by this year end.

Source: Business Standard (Full article)

About the author

Amitabh Arora

Amitabh Arora has more than 18 years of experience promoting foreign direct investments (FDI), trade and economic relations between India and Switzerland, South Korea, United Kingdom and Canada. He is currently working as Director Key Accounts at the Greater Geneva Berne area (GGBa), the economic development agency of western Switzerland. GGBa offers a comprehensive range of services at no charge to foreign companies seeking to establish a presence in Switzerland. He is also the founder of FDITracker.com, tracking FDI developments worldwide. Amitabh has a Masters in International Business from the Indian Institute of Foreign Trade (IIFT) and a Bachelor of Business Studies (BBS) from College of Business Studies, India.