Analjit Singh raising money for his private hospitality ventures overseas

Singh also acquired properties in Lake District of South Africa, Florence in Italy and London

Analjit Singh, the promoter of the Max Group, is raising money to fund his private ventures — boutique hotels in South Africa, the UK and Italy and vineyards in South Africa and some real estate investments in India.

Singh is raising Rs 20 billion (Rs 2,000 crore) from private equity firm KKR, The Economic Times reported Tuesday. This is likely to be a structured debt deal, which comes with certain assured returns and an equity upside. 

Singh first came to South Africa in 2010 for the FA World Cup, and fell in love with this country, and now spends more