Cappella Educore expands student housing footprint with new acquisition in Bengaluru

New Co-CEO Anuraag steers investment with AnaCap to acquire a 1000 student bed facility from IFIM Institutions in Electronic City of Bengaluru
Hyderabad (Telangana) [India], October 28: AnaCap Financial Partners (“AnaCap”), a leading specialist mid-market private equity investor and Cappella Educore, the dedicated education infrastructure (“Edu Infra”) vertical of Cerestra Ventures, have acquired student housing assets from Bengaluru-based IFIM Institutions (“IFIM”), operated under the aegis of Centre for Developmental Education.
Sitting within AnaCap’s mid-market sweet spot, the transaction involved the acquisition of 1,000 student beds, including a combination of existing and a pipeline of new beds fully underwritten by IFIM. Located in Electronic City, Bengaluru, the student housing campus is spread across ~2.5 acres and is within walking distance of a Business School, a Law School and an undergraduate college comprising over 2,500 students. Established in 1995, IFIM is a privately owned group of Educational Institutions based in Bangalore, offering over 30 courses and ranked amongst the best business schools in India.
India has ~34 million students in the higher education space, more than double the size of the mature student housing markets in the West. Given the lack of sufficient supply, partnered with strong demand from a growing millennial student population, the market is witnessing an influx of organisations looking to capitalise on the student housing opportunity.
This marks the second student housing investment in the last 12 months where AnaCap is partnering with Capella Educore, forming a strategic partnership to focus primarily on K-12 school and student housing assets across India.
Rakesh Balasundaram, Investment Director at AnaCap, said, “This investment underscores our commitment to the Indian student accommodation sector, complemented by long-term strategic partnerships with multiple education institutions.”
Anuraag Jhunjhunwala, Co-CEO of Cappella Educore, added, “Cappella Educore is proud to be the partner of choice for two well-established institutions, AnaCap and IFIM. The latest acquisition is in line with Cappella’s strategy to acquire institutional quality student housing assets underwritten by universities. With the rapid recovery in student housing occupancy to pre-Covid levels, these education-related assets continue to demonstrate strong resilience.”
Sanjay Padode, Chairman of IFIM Institutions, also commented, “This transaction represents an exciting opportunity for the Group to smoothly transition to an asset-light model and secure capital for expansion opportunities.”
When someone writes an piece of writing he/she keeps the image of a user in his/her
brain that how a user can be aware of it. So that’s why this
post is great. Thanks!
My brother suggested I may like this blog. He was once totally right.
This publish actually made my day. You cann’t imagine
just how a lot time I had spent for this information! Thank you!
It’s very effortless to find out any matter on web as compared to textbooks, as I found this piece of writing at this website.
I’m not sure exactly why but this blog is loading incredibly
slow for me. Is anyone else having this problem or is it a issue on my end?
I’ll check back later on and see if the problem still exists.
Your style is very unique compared to other folks I’ve read
stuff from. Thank you for posting when you have
the opportunity, Guess I’ll just bookmark this site.
I know this if off topic but I’m looking into starting
my own weblog and was curious what all is needed to
get setup? I’m assuming having a blog like yours would cost a pretty penny?
I’m not very internet smart so I’m not 100% certain. Any suggestions or advice would be
greatly appreciated. Cheers
Hi colleagues, good paragraph and fastidious arguments commented here,
I am genuinely enjoying by these.
Hi! This post could not be written any better! Reading through this post
reminds me of my old room mate! He always kept talking about this.
I will forward this write-up to him. Pretty sure he will have a good read.
Thanks for sharing!
Hi, I read your blogs on a regular basis.
Your writing style is witty, keep doing what you’re doing!
I for all time emailed this webpage post page to all
my contacts, because if like to read it next my friends
will too.
Hello there! This is kind of off topic but I need some
help from an established blog. Is it hard to set up your own blog?
I’m not very techincal but I can figure things out pretty quick.
I’m thinking about setting up my own but I’m not sure where to start.
Do you have any points or suggestions? Many thanks
Keep this going please, great job!
Very soon this web page will be famous amid all blogging and site-building viewers, due to it’s nice articles
Spot on with this write-up, I truly feel this web site needs a lot more attention. I’ll probably be returning to read more, thanks for the information!
fantastic points altogether, you just won a brand new reader.
What may you suggest about your submit that you simply made a few days in the past?
Any certain?
My relatives every time say that I am killing my time
here at web, however I know I am getting knowledge all the time by
reading such good posts.
Here is my web blog coupon
54039 877639Right after study a few of the blog articles for your website now, and that i genuinely like your method of blogging. I bookmarked it to my bookmark internet site list and are checking back soon. Pls consider my internet web site too and inform me what you consider. 682817