Affirma Capital出清印度TBO Tek，美元报酬12倍、IRR 49%
DealStreetAsia · 2026-10-14
新加坡私募Affirma Capital 2018年以约4,200万美元次级交易取得印度旅游平台TBO Tek近半股权，经General Atlantic、IPO与大宗交易分批出清，资本利得4.68亿美元。
学习单字
- secondary transaction次级交易，指向既有股东购买已发行股份，资金不进入公司本身。
- block deals大宗交易，指一次性大量买卖上市股票，常用于大股东减持。
- monetised its stake将持股变现，即出售持股换回现金、实现投资报酬。
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.