HOV Re invests internationally; acquires 25,000 sf office facility in Pune, India

San Jose, CA and Pune, India – HOV Re, LLC the Real Estate Investment Arm of California based private equity group HandsOn Ventures, LLC (HOV) today announced that it has acquired a 25,000 sf office space in Pune, India. This is the first international acquisition for HOV Re and is directed both towards expanding real estate presence in one of the fastest growing cities in India. The facility will be used as headquarters for India operations and to help meet group company Bay Area Credit Service’s need for housing its rapidly growing offshore Accounts Receivable Management workforce.


Said Ron Cogburn, President of HOV Re, “This acquisition is in line with the company’s and HOV’s philosophy to diversify and invest in assets in local communities and economies where group companies are located. We are delighted in continuing the HOV strategy in Pune, the hotbed of BPO in India, to be able to assist group company Bay Area Credit Service in its growth and create jobs.”