Sailing Capital invests in Soneva Group for resort development in the Maldives

Soneva Fushi – It was announced today that Soneva Holdings Pte Ltd (“Soneva”) and the Chinese private equity firm Sailing Capital Overseas Investment Fund, LP (“Sailing Capital”) have concluded an agreement which will see Sailing Capital become a significant investor in Soneva to support the expansion of the company’s portfolio of resorts across the Maldives. This deal represents the largest Chinese private investment to date in the Maldives.

“The investment by Sailing Capital marks a new chapter in the development of Soneva.” said Sonu Shivdasani, Chairman and CEO of Soneva. “Soneva pioneered luxury hospitality in the region almost twenty years ago and our brand is now synonymous with the Maldives. We have exciting plans to develop new resorts in the area, and the scale of this investment demonstrates our confidence in the future of the Maldivian economy. Our relationship with Sailing Capital will allow us to accelerate these plans for growth.”

James Liu, President and CEO of Sailing Capital Advisors (Hong Kong) Limited said “we are extremely excited to form this partnership with Soneva and Sonu Shivdasani. The Maldives is one of the most beautiful places in the world and it has become a significant destination for Chinese tourists and investors. Soneva is both a world class player in the luxury hospitality industry, and the unmistakable leader in environmental performance and sustainable resort development. These issues are of increasing importance to the Chinese government and our people. We are committed to strengthening and expanding Soneva’s presence in the Maldives and beyond.

Sailing Capital is the first and largest cross-border RMB private equity fund launched in China. The fund, established by Shanghai International Group, with initial capital raised from limited partners, themselves all successful and influential domestic enterprises, engages in direct private equity investments and can participate throughout the capital structure – equity, structured finance, mezzanine and/or out, control or significant minority positions.

Soneva Holdings is a privately owned group of companies, leading the world in development of sustainable luxury resorts and private residences. The Group owns and operates all properties, enabling it to ensure that the outstanding standards for which the Soneva brand is renowned are consistently maintained.

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