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Kubera Cross-Border (KUBC)

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Tuesday 03 April, 2007

Kubera Cross-Border

Acquisition of Interest

Kubera Cross-Border Fund Limited
03 April 2007

                        Kubera Cross-Border Fund Limited

            $20 million Investment in Global Stationery Manufacturer

Kubera Cross-Border Fund Limited (LSE: KUBC), an investment company traded on
the AIM market of the London Stock Exchange, is pleased to announce that it has
acquired a significant minority interest in Kejriwal Stationery Holdings Limited
('Kejriwal Stationery' or 'the Company') for an equity investment of US$20

Kejriwal Stationery is a privately held company headquartered in Singapore with
offices in New York and Mumbai.  The Company manufactures and distributes paper
related stationery products to customers predominantly in the US markets, using
manufacturing operations in India. The Company also uses a cross-border model
for customer service, logistics, technology and design innovation. The Company's
adherence to global pricing norms, high quality, and superior customer service
has led to strong performance in recent years. The Company is an excellent
example of a cross-border business, in keeping with the KUBC investment mandate
and focus, and the expertise of Kubera Partners, KUBC's investment manager.

Rahul Kejriwal, CEO of Kejriwal Stationery, said, 'For our  first institutional
equity investment, we sought a partner that could help us with
organization-building, sales, and potential acquisitions in the US and Europe.
We selected Kubera as our partner as we were impressed with their team and
believe they are uniquely qualified to invest in entrepreneur-owned cross-border
businesses such as Kejriwal Stationery that are growing and profitable, yet
desire assistance in building teams and processes for the next level of success.

Ramanan Raghavendran, Managing Partner at Kubera Partners, said, 'We were
impressed with the strength of the Kejriwal Stationery management team, the
exceptional growth in the Company, and the market opportunity ahead at a time of
great change in the global paper stationery and paper markets. KUBC is
specifically focused on investing in cross-border businesses such as Kejriwal
Stationery, and we look forward to working with the company's management team in
building a truly global business.'

Kubera Partners, as the investment manager of KUBC, invests in cross-border
companies - Western headquartered companies that seek to leverage India and Asia
based resources for availability of talent or access to new markets, and
companies headquartered in India and Asia that seek to expand in Western markets
through acquisition or sales force development. The firm is differentiated by
the track record and complementary experiences of its management team.
On behalf of KUBC, the firm invests between $20 million and $40 million per
investment but can make significantly larger investments where appropriate.
Further details on Kubera Partners can be found at

For more information contact:

Kubera Partners, LLC (as the investment manager of the Kubera Cross-Border Fund, 
Limited) Ramanan Raghavendran, Managing Partner


Grant Thornton Corporate Finance (Nominated Adviser)
Philip Secrett, Partner


LCF Edmond de Rothschild Securities Limited (Broker)
Hiroshi Funaki

                      This information is provided by RNS
            The company news service from the London Stock Exchange