Homegrown mid-market private equity player BanyanTree, which has raised about $300 million (Rs 2,493 crore) across three funds and is currently raising funds for its fourth venture, has bought a significant minority stake in a Delhi-based juice maker through its third fund, VCCircle has learnt.

The Mumbai-based PE firm, which recently sold its entire stake in tissue paper maker Origami Cellulo Pvt Ltd, has invested $3-5 million in Groovy Juices, which sells fruit beverages, through a primary deal, a person aware of the matter told VCCircle.

BanyanTree’s recent investment builds on a series of strategic moves made earlier this year through its third fund. The private equity firm has invested in Power Exchange India Ltd, a power trading platform backed by the National Stock Exchange and the National Commodities and Derivatives Exchange.

Additionally, BanyanTree has invested in Microbe Diagnostics, a B2B multi-specialty diagnostic solutions provider operating in Tier II and Tier III regions of India. The firm also announced a strategic investment in Bizibean, a café chain based in Gurgaon, under the Nirula’s brand.

The PE firm has also exited at least three companies over the past six months. It exited education services company Nspira Management Services Pvt Ltd through a buyback transaction late last year and generated multifold returns by selling its entire stake in hospital chain GPT Healthcare Ltd through an initial public offering in February. It also divested most of its stake in car dealership company Popular Vehicles & Services Ltd via an IPO.

Original Article: VCCircle