LLC, an affiliate of private equity firm KSL Capital Partners, has taken a significant minority stake in luxury resort developer Soneva.
Soneva operates a collection of luxury resorts including Soneva Fushi and Soneva Fushi in the Maldives and Soneva Kiri in Thailand.
The partnership will support Soneva’s short- and long-term development goals, and follows on from KSL’s investment in Baillie Lodges in late 2018.
“We are immensely grateful to Sailing Capital for the faith it showed in Soneva and our management team. Sailing has been instrumental in our success to date,” said Soneva founder Sonu Shivdasani, who established the company with Eva Malmström Shivdasani in 1995. “We are delighted to welcome KSL as our partner in Soneva. We have many exciting plans, and I cannot imagine better partners to help execute the next stage of Soneva’s growth.”
“Soneva has been a great investment for Sailing Capital,” said Liang Tsui, CEO of Sailing Capital. “We have enjoyed a very productive partnership with Soneva and together we have realized the opening of Soneva Jani, a highly acclaimed environmentally sustainable luxury resort, delivered a healthy return on our investment, and are very pleased to see Soneva being ideally positioned for future growth. Whilst our partnership with Soneva is ending, our friendship with the company will continue well into the future.”