Shirdi Inn Group has raised debt financing
The Shirdi Inn Group has raised US$6.25 million in debt financing.
The Shirdi Inn Group is a reputed hotel group based in Western India that is engaged in the business of owning, operating and managing multiple hotels and resorts. Currently, the company is running two hotels in Pune and Shirdi in Maharashtra, India. Facing tough industry conditions, the company had reached a one time settlement (OTS) with lenders.
Oaklin’s team in India worked with the company on realigning inter-company transactions, coming up with a robust structure facilitating the consolidation of debt at operating companies with commensurate cash flows in a door-to-door period of 30 days. The lender underwrote growing hospitality business cash flows and provided sound collateral backing, while taking advantage of a curated solution matching its business’ cash flow profile as a promoter.
Talk to the deal team
Related deals
OBI Group has acquired the OBI and individual DIG stores from Migros
As part of a strategic review, Migros has decided to divest its DIY business, which included several “Do It + Garden” and “OBI” locations. Migros had operated the Swiss OBI stores as a franchisee. In OBI Group Holding, Migros has found the ideal partner to ensure continuity for both its customers and employees.
Learn moreDigital Survival Group has raised financing to acquire Cloudiction and E-mergo
Digital Survival Group has successfully completed a fundraising round to finance the acquisition of cloud specialist Cloudiction and data and AI frontrunner E-mergo. This transaction further strengthens Digital Survival Group’s position as a leading platform for end-to-end digital transformation.
Learn moreAYANDA CAPITAL has added a new investor to its shareholding
A new investor, Thierry Jacobs, has joined AYANDA CAPITAL S.L.’s shareholding with a minority stake.
Learn more