China’s Sailing Capital backs Maldives resort developer
Monday, November 17, 2014
(AVCJ by Tim Burroughs) – Chinese private equity firm Sailing Capital has agreed to invest in luxury resort developer Soneva Group. It will support the expansion of a portfolio of properties in the Maldives.
The transaction size was not disclosed. The parties simply said Sailing would become “a significant investor” in Soneva, and that the deal represented the largest-ever Chinese private investment in the Maldives.
