July 25, 2016 11:10 PM ET

Capital Markets

Company Overview of WestBridge Capital Partners LLC

Company Overview

WestBridge Capital Partner, LLC is a private equity firm specializing in direct and indirect investments. It seeks to invest in both PIPES and public, mid-market, and later stage private companies. The firm focuses on investments in the mid-sized publicly listed companies in the financial services, consumer services, healthcare, and information technology sectors. It seeks to make investments in India. The firm typically invests between $10 million and $80 million in its portfolio companies. It seeks to acquire a substantial minority equity ownership in its portfolio companies. WestBridge Capital Partners, LLC was founded in 2011 and is based in Ebène, Mauritius with additional offices in Ba...

Ground Floor

Nexteracom Tower III

Cybercity

Ebène,  

Mauritius

Founded in 2011

Phone:

230 466 1202

Fax:

230 467 4000

Key Executives for WestBridge Capital Partners LLC

Co-founder, Chief Executive Officer, Managing Director, and Member of the Board of Directors
Age: 44
Co-Founder, Managing Director, and Member of Board of Directors
Age: 45
Co-Founder and Managing Director
Co-Founder, Managing Director, and Member of Board of Directors
Age: 46
Director of Operations and Member of Board of Directors
Compensation as of Fiscal Year 2016.

WestBridge Capital Partners LLC Key Developments

Haldiram Reportedly In Talks With PEs To Sell Stake May Raise $200 Million

Haldiram Foods International Pvt. Ltd has held initial talks with top-tier private equity funds for a possible $200 million, or INR 13 billion, financing round, people close to the development said. Capital International, Inc., General Atlantic LLC, TA Associates Management, L.P., Everstone Capital Management and WestBridge Capital Partners LLC are among those who have made overtures to pick up a minority stake in the business, combining Nagpur and Delhi branches of the company. The deal, if and when it goes through, is likely to value the snack manufacturer at around $1 billion, or INR 67 billion, sources said. The transaction is likely to have a large secondary component wherein existing and new investors will exchange shares for capital, but money won't come into the company. TOI could not reach the promoters of Haldiram's but DK Surana, an investment banker who has represented the company in the past, said a deal like this was not in the making as the business is cash-rich and profitable. The structuring of a potential deal was still to be worked out with investors preferring to plough funds into a combined entity. The capital infusion could be a mix of fresh equity allotment and a secondary share purchase. Most PE funds declined to comment or did not respond to queries. Capital International could not be reached immediately.

Haldiram Reportedly In Talks For Financing Round

Haldiram Foods International Pvt. Ltd. has held initial discussions with top-tier private equity funds for a possible $200 million financing round, people close to the development said. Capital International, Inc., Everstone Capital Management, General Atlantic LLC, WestBridge Capital Partners LLC and TA Associates Management, L.P. are among the firms that may pick up a minority stake in the company. The deal is likely to value Haldiram at around $1 billion, sources said. The transaction is likely to have a large secondary component wherein existing and new investors will exchange shares for capital. One of the private equity investors said that the talks have progressed with "the field narrowing down to a few investors".

Investors Reportedly Mulls Acquisition Of Stakes In Amber Enterprises

Investors are reportedly seeking acquisition of stakes in Amber Enterprises (India) Pvt. Ltd. The Carlyle Group LP (NasdaqGS:CG), WestBridge Capital Partners LLC and Morgan Stanley Infrastructure Inc. (MSIP) are among global private equity funds engaged in separate talks to acquire a large minority stake in Amber Enterprises (India) Pvt. Ltd., according to two people familiar with the development. Fairwinds Private Equity is expected to sell its 34% stake through a secondary deal in this transaction, while another 10-15% of new shares will also be issued to the new entrant. "The deal size could be in the range of INR 5 billion, with an enterprise value of INR 10 billion to INR 12 billion," the second person said. According to him, a sovereign fund is also engaged in discussions with Fairwinds. The term sheets are expected to be signed in two weeks, the first person said. Both people declined to be named. Edelweiss Financial Services Limited (BSE:532922) is advising Fairwinds on selling its stake in Amber. Mails to Westbridge, MSIP and Jasbir Singh, Managing Director of Amber Group, did not elicit any response. Spokespersons of The Carlyle Group and Fairwinds declined to comment.

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