Table Space and Hillhouse Acquire Majority Stake in KMC Solutions

…Space said this deal would help create one of the largest players in the APAC managed office sector, with 13 million square feet of space under management. Karan Chopra and Kunal Mehra, Co-CEOs of Table Space, said: " India is a key factor in how global enterprises build and scale capability, and continues to be the core of Table Space's growth strategy. At the same time, our customers are increasingly operating across multiple markets, creating an opportunity to extend the platform we have built in India to other strategically relevant geographies. " KMC has built an enterprise workspace and business services platform in the Philippines market. "Together, we see an opportunity to support global customers across India and the Philippines while advancing Table…

…transaction, KMC's founders will retain a significant interest in the business, and KMC will continue to operate under its existing management team and brand. Michael McCullough, Co-Founder and Chairman of KMC, said, " The partnership gives us access to growth capital, industry ecosystem, and operational expertise to continue as one of the dominant managed workspace providers in the Philippines and to grow our footprint regionally. " In August, Tablespace Technologies Ltd filed draft papers with markets regulator SEBI to raise funds through an Initial Public Offering (IPO), comprising a fresh issue of ₹800 crore. Along with this, there will be an…