KSL picks Thai, Maldives luxury resort business Soneva as latest investment, Sailing Capital exits


Leisure and hospitality investment specialist KSL Capital Partners has picked luxury resort business Soneva as its latest deal.

Soneva operates  resorts in the Maldives and Thailand. Sailing Capital, which backed Soneva in 2014, has exited the business through the deal.

KSL principal Tina Yu said, “The more we have gotten to know Soneva, the more excited we are about the opportunities to help Soneva grow.

“At KSL, we invest solely in travel and leisure, and we recognize the power of the Soneva brand platform in the expanding market for luxury experiential travel.

“Soneva has 25 years of experience operating at the very highest level and have been pioneers in creating rare authentic experiences for their guests.”

KSL, which focuses on investments in the hospitality, recreation, clubs, real estate and travel services sectors, hit a $2.7bn final close for its fifth flagship fund in May this year.

That raise saw the firm outdo the $2.6bn it collected for its predecessor vehicle in 2015.

In August the firm made its first significant buyout in continental Europe by picking up Les Hôtels d’en Haut.

Other recent investments by the firm include backing US-based Orange Lake Resorts in April, and adventure hospitality business Under Canvas in December last year.

Copyright © 2019 AltAssets

Get the latest PE News & Research delivered to your inbox every morning