Goldman Sachs exits Max Group

The fund made a 4x return on its investment in 7 years

Two private equity funds managed by leading global investment and asset manager Goldman Sachs (GS), which had a combined 15.6 per cent stake in the Max Group, have completely exited the group recently, said industry sources. Two of its subsidiaries, Xenok Ltd and GS Mace Holdings, sold the final tranche of shares 10 days ago. 

Sources said the investment arms of GS had initiated their exit from the Max Group last year, with sales of shares of Max Ventures and Investments, followed by Max Financial Services last month and concluded with its stake sale in Max India 10 days ago. In