Affirma Capital出清印度TBO Tek，美元報酬12倍、IRR 49%
DealStreetAsia · 2026-10-14
新加坡私募Affirma Capital 2018年以約4,200萬美元次級交易取得印度旅遊平台TBO Tek近半股權，經General Atlantic、IPO與大宗交易分批出清，資本利得4.68億美元。
學習單字
- secondary transaction次級交易，指向既有股東購買已發行股份，資金不進入公司本身。
- block deals大宗交易，指一次性大量買賣上市股票，常用於大股東減持。
- monetised its stake將持股變現，即出售持股換回現金、實現投資報酬。
Affirma Capital exits India's TBO Tek with a 12x MOIC and 49% IRR
Singapore-based PE firm Affirma Capital fully exited Indian travel platform TBO Tek, earning a 12x MOIC and 49% IRR in dollar terms and $468M in gains. It paid about $42M for a 49.9% stake in 2018, then sold in tranches: to General Atlantic, in the 2024 IPO, and via block deals through October 2026.