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Sidley says it advised managers on Elevate Campuses’ $220 million IPO
Sidley said it advised JM Financial, IIFL Capital and Morgan Stanley as book-running lead managers on Elevate Campuses’ approximately $220 million initial public offering. The firm described the transaction as India’s first listing of a student housing company and said Manoj Bhargava led its team.
Key points
- Sidley said Elevate operates student accommodation under Good Host Spaces and ScholarZ.Sidley
- The firm said Elevate also owns K-12 education assets.Sidley
- Sidley said Elevate’s portfolio can accommodate more than 80,000 students across India and the United Arab Emirates.Sidley
- The firm said its team included capital markets lawyers and investment funds support.Sidley