KUBC.L Regulatory News (KUBC)

3 Apr 2007 08:48

Kubera Cross-Border Fund Limited03 April 2007 Kubera Cross-Border Fund Limited $20 million Investment in Global Stationery Manufacturer Kubera Cross-Border Fund Limited (LSE: KUBC), an investment company traded onthe AIM market of the London Stock Exchange, is pleased to announce that it hasacquired a significant minority interest in Kejriwal Stationery Holdings Limited("Kejriwal Stationery" or "the Company") for an equity investment of US$20million. Kejriwal Stationery is a privately held company headquartered in Singapore withoffices in New York and Mumbai. The Company manufactures and distributes paperrelated stationery products to customers predominantly in the US markets, usingmanufacturing operations in India. The Company also uses a cross-border modelfor customer service, logistics, technology and design innovation. The Company'sadherence to global pricing norms, high quality, and superior customer servicehas led to strong performance in recent years. The Company is an excellentexample of a cross-border business, in keeping with the KUBC investment mandateand focus, and the expertise of Kubera Partners, KUBC's investment manager. Rahul Kejriwal, CEO of Kejriwal Stationery, said, "For our first institutionalequity investment, we sought a partner that could help us withorganization-building, sales, and potential acquisitions in the US and Europe.We selected Kubera as our partner as we were impressed with their team andbelieve they are uniquely qualified to invest in entrepreneur-owned cross-borderbusinesses such as Kejriwal Stationery that are growing and profitable, yetdesire assistance in building teams and processes for the next level of success." Ramanan Raghavendran, Managing Partner at Kubera Partners, said, "We wereimpressed with the strength of the Kejriwal Stationery management team, theexceptional growth in the Company, and the market opportunity ahead at a time ofgreat change in the global paper stationery and paper markets. KUBC isspecifically focused on investing in cross-border businesses such as KejriwalStationery, and we look forward to working with the company's management team inbuilding a truly global business." Kubera Partners, as the investment manager of KUBC, invests in cross-bordercompanies - Western headquartered companies that seek to leverage India and Asiabased resources for availability of talent or access to new markets, andcompanies headquartered in India and Asia that seek to expand in Western marketsthrough acquisition or sales force development. The firm is differentiated bythe track record and complementary experiences of its management team.On behalf of KUBC, the firm invests between $20 million and $40 million perinvestment but can make significantly larger investments where appropriate.Further details on Kubera Partners can be found at www.kuberapartners.com. For more information contact: Kubera Partners, LLC (as the investment manager of the Kubera Cross-Border Fund, Limited) Ramanan Raghavendran, Managing Partner Email: rr@kuberapartners.com Grant Thornton Corporate Finance (Nominated Adviser)Philip Secrett, Partner Email: philip.j.secrett@gtuk.com LCF Edmond de Rothschild Securities Limited (Broker)Hiroshi FunakiEmail: h.funaki@lcfr.co.uk This information is provided by RNS The company news service from the London Stock Exchange