CLSA Capital Partners’ ARIA IV Funds Invest INR550 Million in Luminous Water Technologies (Asia)
Source: CLSA Capital Partners
CLSA Capital Partners, the alternative asset management arm of Hong Kong-based brokerage CLSA, has invested INR550 million (approximately US$9.2 million) in India-based Luminous Water Technologies (LWT). LWT designs, manufactures, distributes and services water purifier and water filter systems for residential and commercial use. CLSA Capital Partners structured the transaction through ARIA Investment Partners IV and ARIA Investment Partners IV (Non-US), together known as ARIA IV. LWT intends to use the funding to increase its production capacity and further develop its brand.