August 20, 2014 11:09 AM ET

Capital Markets

Company Overview of Baring Private Equity Partners (India) Ltd.

Company Overview

Baring Private Equity Partners (India) Ltd. is a private equity firm specializing in financial restructuring, expansion capital, and middle market transactions. The firm primarily makes equity investments in consumer goods, energy, infrastructure, insurance, banking, education, manufacturing, life sciences and medical technology, information technology and ITes, real estate, and services sectors and also looks at oppurtunities to invest in public companies. Within the information technology sector, it focuses on software services, hardware, and products in software. In life sciences and medical technology sector, the firm invests in medical devices, pharmaceuticals, health care services, and...

DLF Phase II

Infinity Tower A

9th Floor

Gurgaon,  122002

India

Founded in 1998

Phone:

91 12 4432 1100

Fax:

91 12 4432 1155

Key Executives for Baring Private Equity Partners (India) Ltd.

Chief Executive Officer
Age: 49
Managing Partner
Chief Financial Officer and Partner
Compensation as of Fiscal Year 2014.

Baring Private Equity Partners (India) Ltd. Key Developments

HP’s Plan To Sell MphasiS Stake May Take Time

Hewlett-Packard Company (NYSE:HPQ) (HP) may sell stake in MphasiS Limited (BSE:526299). According to senior official close to the matter, HP’s plan to sell 60.49% stake in MphasiS will take more time, as possible buyers including private equity players and IT-BPO service companies do not seem to be very keen. According to the news report, HP has approached bankers in order to sell its stake worth INR 53.7 billion. According to the report, HP spokesperson said the company ‘does not comment on rumor or speculation.’ A senior executive stated, “HP's initial plan was to take its stock holding in Mphasis to 90%, get it de-listed and leverage it more for its own outsourcing requirements.” Baring Private Equity Partners (India) Ltd., Life Insurance Corporation of India, Bajaj Allianz Life Insurance Company Limited, The India Fund, Inc. (NYSE:IFN), and Aberdeen Global -Indian Equity Fund, together own around 30% stake in MphasiS. Mphasis share price rose 3.65% on the Bombay Stock Exchange on July 2, 2014.

TPG Reportedly In Talks To Acquire Stake In Manappuram Finance

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.

Baring, IVF In Advanced Stage To Acquire Wonderla Stake

Baring Private Equity Partners (India) Ltd. and India Value Fund Advisors Private Limited (IVF) are in an advanced stage to acquire 5% stake to 7% stake in Wonderla Holidays Pvt. Ltd., Wonderla’s Managing Director, Arun K. Chittilappilly said. This is part of the pre-IPO (initial public offering) placement wherein one the private equity companies that picks up stake will act as anchor client for the IPO, Chittilappilly said. Wonderla has been looking at raising INR 2.5 billion of equity funds through private equite and IPO route and the balance through internal accruals and debt funds from lending institutions, Chittilappilly said. "The duediligence exercise by the private equity firms is currently on and we expect to close the deal with one of the private equity firms in a month or so. In all, the holding of promoters, which now stands at 100%, will get diluted to around 75%," Chittilappilly said. Wonderla is being advised by Veda Consulting for valuations and private equity funding. "We are expecting an enterprise value of around INR 9 billion to INR 10 billion and the pre-IPO equity sale will be done with either Baring or IVF for raising INR 500 million to INR 750 million," Chittilappilly said. Economic Times reported that Baring and IVF did not elicit response.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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