India Equity Partners is a private equity and venture capital firm specializing in growth capital, middle market, bolt-on, and platform investments. It seeks to invest in consumer-focused industries and infrastructure and infrastructure services with a focus on consumer products, human resource services, personal care, FMCG sector, food services, quick service restaurant, casual dining restaurant, healthcare, consumer finance, utility services, logistics, real estate, telecom, media, manufacturing, life sciences, biotechnology, and education industries. The firm typically invests in India with a focus on Karnataka. It seeks to invest between $20 million and $50 million in companies but bolt-...
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New York, NY 10022
Founded in 2006
TPG Reportedly In Talks To Acquire Stake In Manappuram Finance
Oct 4 13
TPG Capital, L.P. is in talks with the promoter and other large shareholders of Manappuram Finance Limited (BSE:531213) for acquiring a minority stake, three people with direct knowledge of the talks said. The promoter, Vice President Nandakumar, owns 31.55% in the company while Baring Private Equity Partners (India) Ltd.; India Equity Partners; and AA Development Capital Investment Managers (Mauritius) LLC together hold around 20%. "TPG has made an offer for a minority stake, but with governance rights and board seat," one of the people said. "TPG has made an offer for a minority stake, but with governance rights and board seat," one of the people quoted above said. "The stake sale could be a mix of buying some of the existing investors and a preferential share issue by the company, or through a direct preferential share issue to the PE fund." Nandakumar, Managing Director and Chief Executive of Manappuram Finance, had told Economic Times during the week ending September 27, 2013 that he had no plans to sell part of his stake. "I have no plans to sell. PE investors may be talking to each other." The Manappuram stock rose 4.91% to close at INR 15.39 on the BSE on October 3, 2013. According to Economic Times, TPG's Managing Partner and India head Puneet Bhatia did not respond to email queries or calls to his mobile phone and Sudhinder Khanna, Chairman of India Equity Partners, denied any talks with TPG.