IPO-bound Table Space, Hillhouse buy majority stake in Philippines' KMC Solutions
Table Space says deal to help create one of the largest players in the APAC managed office sector, with 13 million square feet of space under management
Real estate company Table Space, in collaboration with Hillhouse firm Rava Partners, has acquired a majority stake in Philippines-based KMC Solutions. This strategic move is part of Table Space's plan to grow its managed office space business. The acquisition of KMC Solutions, which specializes in managed workspace and HR solutions, will help create one of the largest players in the Asia-Pacific managed office sector, boasting 13 million square feet of space under management.
Table Space, founded in 2017, is a leading managed workspace provider in India. The CEOs of Table Space, Karan Chopra and Kunal Mehra, emphasized the importance of India as a key driver of their growth strategy and the opportunity to extend their platform to other strategic markets like the Philippines. The transaction will retain significant interest for KMC's founders, who will continue to operate under the existing management team and brand.
This partnership will provide Table Space with access to growth capital, industry ecosystem, and operational expertise to bolster its presence in the Philippines and grow its regional footprint.
Written by urgent.news from Hindu BusinessLine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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