India Office launched by Apax Partners
26 November 2006
New Delhi, 26 November 2006 Apax Partners, one
of the world's largest and most well established private equity
firms, has announced the launch of its India office, Apax Partners
India. The Apax Partners India team is led by Neeraj
Bharadwaj, Managing Director and Country Head, and includes
Principals Sandeep Naik and Shashank Singh, two investment
professionals who are joining from the New York and London offices,
respectively.
At a New Delhi press conference at which Shri. Kamal Nath,
Honourable Minister for Commerce and Industry welcomed the firm to
India, leaders of the new office and Apax Partners' global team
described their firm's commitment to this essential market.
Martin Halusa, Chief Executive Officer, Apax Partners Worldwide,
said at the conference, "Apax Partners is set apart competitively
in the global buyout marketplace by the fact that it focuses on
five growth sectors and sources investment opportunities through a
network of local offices. In view of the extraordinary growth
of the Indian market, it is critical that we have a major presence
and commitment here - to invest in promising Indian companies, and
to support the growth ambitions of our portfolio companies."
Funds managed by Apax Partners buy stakes in large companies
that have strong, established market positions and the potential to
expand. Apax is a focused investor with a deep bench of
experience in five global growth business sectors: Tech &
Telecom, Media, Retail & Consumer, Healthcare and Financial
& Business Services.
Elaborating on Apax's India strategy, Mr. Bharadwaj said, "We
intend to partner with India's emerging global giants in
relationships where we are able to create significant value by
leveraging our industry expertise and global networks. The
Apax India team looks forward to putting to work its deep
investment experience, as well as the significant resources of our
firm as a whole."
"The drivers of private equity investment in the India market
include: consolidation in fragmented industries, international
expansion, increasing domestic market spend, and continued growth
in value-added services" said Max Burger Calderon, Senior Partner,
Apax Partners Asia. "India today possesses significant
managerial talent, a huge talent pool of professionals who can
compete globally, and is supported by a robust capital market that
has proven itself in terms of exits."
Notes to Editors
Neeraj Bharadwaj - India Country Manager
• Joined Apax in 1999. Previously with McKinsey
& Company, Goldman Sachs and Morgan Stanley
• BSc in Economics from Wharton School. MBA (with
distinction) from Harvard Business School
Sandeep Naik - Principal
• Joined Apax in 2004. Previously with Medtronic and
McKinsey. Co-founder Infrascan
• BSc in Engineering from University of Bombay. MS in
Biomedical Engineering from Medical College of Virginia. MBA from
Wharton School
Shashank Singh - Principal
• Joined Apax in 2004. Previously with Monitor Company
• BA in Economics from St. Stephen's College. MA in Economics
from Cambridge University. MBA (with high distinction) from Harvard
Business School
Apax Partners India Team deal experience:
Bezeq, Esprit Pharma, JAMDAT Mobile, NXP, Q-Telecom,
Spectrum Labs, TDC, TIM Hellas, Synetrix, WiderThan, Xanodyne
About Apax Partners
Apax Partners is one of the world's leading private equity
investment groups. It operates across the United States,
Europe, Israel and Asia and has more than 30 years of investing
experience. Funds under the advice of Apax Partners total $20
billion around the world. These Funds provide long-term
equity financing to build and strengthen world-class companies.
Apax Partners Funds invest in companies across its global
sectors of Tech & Telecom, Retail & Consumer, Media,
Healthcare and Financial & Business Services.
Amongst the more significant investments made by the funds
advised by Apax Partners are: Azimut, TIM Hellas, TDC, GHG,
Inmarsat, Intelsat, Tommy Hilfigher, PVH / Calvin Klein, Kabel
Deutschland and Yell. For further information: www.apax.com
Apax Partners continues to expand its local, on-the-ground
presence in key markets with the opening of the India office.
Apax Partners India will be focused on offering value-added capital
by partnering with local companies to support their growth needs
both organic (expansion) and inorganic (acquisitions). The
Apax Partners India team comprising Neeraj Bharadwaj, Sandeep
Naik and Shashank Singh is unique in that they are
completely familiar with the private equity platform and have been
immersed as experienced investment professionals in the culture and
philosophy of Apax Partners.