Warburg Pincus-Goldman joint venture to ramp up student housing business

Student housing owner and operator Good Host Spaces plans to grow its bed strength by three times in the next two years. Recently, US-based private equity fund manager Warburg Pincus bought out the stake in the company from HDFC.
 
The Goldman Sachs-backed company now has 18,000 beds across its tie ups with Manipal University, OP Jindal Global University and Shoolini University. It plans to take the figure to 50,000 beds in the next two years, said Nimesh Grover, chief executive at Good Host spaces. “We have some term sheets. We have started scaling up the business,” Grover said.