Sagevisor Capital

Sagevisor Capital advises on INR 2,550 mn of Refinancing/Growth Capital to one of the leading Experiential Hospitality Players in Western Parts of India.

Sagevisor Capital acted as a Sole Advisor to one of the leading players in Experiential Hospitality in India to help them cut costs as well as bolster their existing Resort facility to take advantage of the increasing Occupancy rates by incurring necessary capex.

Few highlights:

  • Sagevisor connected and engaged with the client at a time when they were at the cusp of Redefining Luxury and gaining market share in Experiential Hospitality by outlining its plans to increase capacity from 300 keys to 1000 Keys.
  • However post covid, the Group was bogged down with high interest costs on its existing facilities as well as restrictions towards the usage of the cash being generated by its business towards its own growth and growth of its Luxury businesses residing in its Group company. At a juncture where the whole industry has been performing very well and Experiential Hospitality gaining significant market recognition and share, this was proving to be a major deterrent towards growth.
  • Sagevisor not only did manage to Re-Size the overall whole Debt Facility for the company thereby providing the Incremental Growth Capital it needed, it also managed to provide the company with a 12 year Long Term Financing thereby matching its cash flows and taking care of the growth aspirations of the Group over the immediate next 2 years along with bringing down its Cost of Funding Significantly.
  • The above has acted as shot in the arm for the company as it has already embarked and signed 2 more locations thereby actualising its Vision for achieving 1000 Keys in the Medium Term.
  • The Deal had its own challenges and various ups and downs, but at the end the Team at Sagevisor managed to navigate its way through all the challenges and achieve a significant and timely Financial Closure for the company.