Warburg Pincus Affiliate and Goldman Sachs Invest in Good Host Spaces

April 22, 2021

Baskin Lake Investment Ltd, an affiliate of Warburg Pincus, has become a significant shareholder in Good Host Spaces by acquiring HDFC Ltd.'s 24.48% stake and making a primary growth investment in the company. Existing investor Goldman Sachs will also invest additional capital to support Good Host's plan to scale its purpose-built student housing platform (operating ~18,000 beds) toward a target of 50,000 beds across India.

Buyers
Baskin Lake Investment Ltd (affiliate of Warburg Pincus), Goldman Sachs Asset Management
Targets
Good Host Spaces Pvt. Ltd.
Sellers
HDFC Ltd.
Industry
Real Estate
Location
Maharashtra, India
Transaction Type
Growth capital

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