GTI Group LLC is a venture capital and private equity firm specializing in investments in venture capital, growth equity, and buyouts. Within venture capital, the firm invests primarily in technology startups with a focus on technology spinouts and early stage venture investments. In growth equity and buyout, it invests in lower middle market leveraged buyouts, spinouts, PIPEs, carve-outs, take private, management led buyouts, and leveraged recapitalizations. The firm typically invests in aviation, information technology and software, online, client technology, media, and telecom, industrial technologies and services, energy and energy services, healthcare, clean technology, and medical tech...
150 East 58th Street
New York, NY 10155
Founded in 1996
Air Works India Engineering Mulls Financing
Jan 21 14
Air Works India Engineering Private Limited is looking at raising another round of funding of about INR 1.5 billion, according to three people close to the development. “There is going to be a part primary (direct stake sale by the company) and part secondary (stake offloading by existing investors) stake sale,” said one of the three people. Air Works could also consider raising capital from both new and existing investors, said another person. All the three people asked not to be identified. The firm has asked JM Financial Institutional Securities Ltd, to advice it, according to Ravi S. Menon, Executive Director at Air Works. He added, "The existing shareholders may look at bringing some funds via a rights issue or other instruments. We are yet to finalize the mode of funding." New Enterprise Associates and GTI Group LLC own around 51.51% stake and Punj Lloyd Ltd. (BSE:532693) holds 19.58%. The Menon family, Vivek Gour and employee stock options together own 28.91% of the equity.