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Asset/Investment Management
sandcapllc.com

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Investments

3

Portfolio Exits

1

About Sandstone Capital

Sandstone Capital is a long-term investor in public and private companies in India and the subcontinent. Thier objective is to generate absolute investment returns across all sectors and market capitalizations. They employ a research-driven investment process to invest in value opportunities, reasonably-valued growth stocks and special situations.

Sandstone Capital Headquarter Location

144 Milk Street

Boston, Massachusetts, 02109,

United States

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Latest Sandstone Capital News

El Segundo Office Building, Set for WeWork, Sells for $31M

Apr 9, 2019

El Segundo Office Building, Set for WeWork, Sells for $31M By Alison Stateman April 9, 2019 7:01 pm 2221 Park Place in El Segundo. Photo: Madison Partners Sandstone Capital unloaded an office property in El Segundo to a private investor for $31 million in an off-market deal that closed last week, Commercial Observer has learned. The sale penciled in, according to Geoff Ludwig of Newmark Knight Frank , who represented the buyer with Eric Lastition, because of WeWork ’s decision to lease the entire property. “It’s a unique situation and a good deal for all involved,” Ludwig told CO. Bob Safai, Matt Case and Brad Schlaak of Madison Partners represented Sandstone Capital in the transaction. Safai, who last sold the property to Sandstone for $18 million in 2004. A spokeswoman for WeWork confirmed the lease at the 55,000-square-foot vacant building at 2221 Park Place, which was signed this week. The coworking giant anticipates moving to the property by the spring or summer of 2020, following a gut renovation that will add another 35,000 square feet to the one-story building. WeWork already has a presence in the South Bay and El Segundo where the company is in the process of fully leasing its location at 222 Pacific Coast Highway. WeWork will occupy all 100,000 square feet of the property by the end of the year, a spokeswoman for WeWork said, making it the largest of its Los Angeles-based locations. “We opened our first location in tEl Segundo at the end of last year, due to the city’s incredible amount of development, and since have experienced a huge wave of demand,” Kley Sippel, the general Manager for WeWork in Southern California, told CO.“We are expanding in El Segundo with additional floors and buildings for this very reason, growth opportunity and accessibility. Signing a lease at 2221 Park Place was an easy decision to make, especially with it’s proximity to the train allowing our member easy access to our location.” Keywords:

Sandstone Capital Investments

3 Investments

Sandstone Capital has made 3 investments. Their latest investment was in Micromax Informatics as part of their Unattributed VC on September 9, 2010.

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Sandstone Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/21/2010

Unattributed VC

Micromax Informatics

$45M

Yes

11/5/2008

Series D

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$99M

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10

Other Investors

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$99M

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10

Date

9/21/2010

11/5/2008

Round

Unattributed VC

Series D

Other Investors

Company

Micromax Informatics

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Amount

$45M

$99M

$99M

New?

Yes

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Co-Investors

Sources

10

10

Sandstone Capital Portfolio Exits

1 Portfolio Exit

Sandstone Capital has 1 portfolio exit. Their latest portfolio exit was SKS Microfinance on August 16, 2010.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

8/16/2010

IPO

1

Date

8/16/2010

Exit

IPO

Companies

Valuation

Acquirer

Sources

1

Sandstone Capital Acquisitions

1 Acquisition

Sandstone Capital acquired 1 company. Their latest acquisition was Micromax Informatics on August 29, 2019.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

8/29/2019

Secondary Market

$55M

Shareholder Liquidity

Date

8/29/2019

Investment Stage

Secondary Market

Companies

Valuation

Total Funding

$55M

Note

Shareholder Liquidity

Sources

Sandstone Capital Team

1 Team Member

Sandstone Capital has 1 team member, including former Founder, Paresh Patel.

Name

Work History

Title

Status

Paresh Patel

Sparta Group

Founder

Former

Name

Paresh Patel

Work History

Sparta Group

Title

Founder

Status

Former

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