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2013-04-24

PE major General Atlantic expands investment team in India

Global private equity major General Atlantic on Tuesday announced that it has strengthened and expanded its investment team in India with several new hires, underscoring the firm\'s long-term commitment to pursuing growth equity investment opportunities i

PE major General Atlantic expands investment team in India

Global private equity major General Atlantic on Tuesday announced that it has strengthened and expanded its investment team in India with several new hires, underscoring the firm's long-term commitment to pursuing growth equity investment opportunities in India and South East Asia.

Under the leadership of Sandeep Naik, former partner and co-head of Apax India, who joined the firm as a managing director and head of the firm's Mumbai, India office in late 2012, GA's India team now includes eight full-time investment professionals and two Advisory Directors.

"GA is active in several Indian sectors opening up to new investment, including financial services, healthcare, technology, business services, and consumer retail. We also see attractive investment opportunities arising from the rapid growth of the emerging middle class," said William Ford, CEO, General Atlantic, in a press release issued by the company. Ford will be visiting India this week.

In addition to Mr. Naik, new members of GA's team of investment professionals in India include Shantanu Rastoogi, as principal; and Vijay Venkat and Varun Talukdar, both as associates. Existing team members Ranjit Pandit and Abhay Havaldar have both been named advisory directors, and will continue to be involved with GA's portfolio companies in an advisory capacity.

Naik said, "I am very pleased to be a part of General Atlantic in pursuing opportunities with Indian growth companies - particularly those with a desire to expand globally. GA has a fantastic track record as a minority shareholder and value added partner to management teams, which makes us perfectly suited for opportunities in India."

Sandeep Naik was previously a partner and co-head of the India office for Apax, leading investments in the healthcare, financial & business services, and retail & consumer sectors.

The release added that General Atlantic manages approximately $17 billion and invests between $1.5 billion and $2 billion per year in growth companies globally. Since 2002, General Atlantic has invested about $1.2 billion in Indian growth companies.

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