Website Official Website Headquarters Calgary, Canada | Founded 1974 | |
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Traded as Unlisted (as of December 2015) Industry Financial services:private equity;investment banking (2004–present) Products Management buyouts
Leveraged finance
Venture Capital
growth capital | ||
Exhilway Asia Ventures claims to be a private equity firm.
Contents
History
Exhilway (a combination of "exhilaration" and "way") was started as a hedge fund. Exhilway exited hedge fund business in June, 2014. Exhilway raised US $200 million Mines and Minerals Fund.
Foray In The Emerging Markets
Exhilway invested in the emerging markets crowdfunding business under its platform called Exhilway Link. The project never took off. Exhilway raised US $217 million for its India focused fund and planned for the listing on NASDAQ at a valuation of US $2.5 billion.
Exit from Private Equity Business In India
Exhilway exited Private Equity business in India amid serious due diligence issues. The investor group suspended the existing management in India. The funding commitments was cancelled by the investors and a fresh due diligence was called. The listing on NASDAQ was withdrawn. Exhilway revised the listing plan in December 2015 and has proposed listing on OTC Markets at a valuation of US $150–200 million, 92% lower than the valuation proposed in November 2014. On January 21, 2016 Exhilway announced giving of ₹33.50 crore worth of compensatory shares to the Exhilway Global Opportunities Fund I portfolio companies selected in the last due diligence round. Exhilway also announced relaunch of the fund, trimmed down to US $50 million from US $200 million.