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  1. 1. Companies of private equity investment in india Kotak Private Equity Group Kotak Private Equity Group (KPEG), part of the Kotak Mahindra Group, is a leading Indian private equity funds manager that helps emerging and mid-size businesses evolve into industry leaders. KPEG invests a lot more than just equity in its portfolio companies. We leverage our industry experience, network of relationships and financial acumen to provide strategic advice and support to the companies we invest in. Our team of fund managers and strategists have a proven track record of building successful businesses. KPEG typically invests between USD 15 million to USD 40 million across industries in companies seeking capital for business expansion, acquisitions and buyouts. KPEG is part of Kotak Investment Advisors Ltd (KIAL), a Kotak Mahindra Bank subsidiary that manages the alternative assets business of the Kotak group. KIAL has around USD 1.34 billion under management across two asset classes - private equity and real estate, both led by independent investment teams. KPEG currently manages funds across two strategies - Growth Capital and Venture Capital for Life Sciences. KPEG is led by Nitin Deshmukh, CEO-Private Equity. He is partnered by K.V. Ramakrishna and R. Laxman. The three of them collectively bring in over 65 years of industry and private equity investment experience with strong deal origination and networking capabilities. The trio is supported by a team of investment and business strategy professionals with varied industry experience and complimentary skill sets. FACTS Infrastructure Investment to grow from ~Rs. 21 trillion in the XIIth Plan to ~ Rs. 62 trillion by 2012 India's GDP is expected to grow at 9% over the next decade supported by a strong Gross Capital Formation India has the highest household savings rate in the world at ~ 32 % Banking revenues projected to grow by 5.3x till 2020 The stock broking market projected to grow at a CAGR of ~15 % till 2020 The Life Insurance premiums projected to grow at a CAGR of ~15% till 2020 Domestic private consumption projected to grow at a CAGR of ~13% till 2020 Private Education Market projected to grow at a CAGR of ~17% till 2020 Healthcare Market projected to grow at a CAGR of ~18% till 2020 Media and Entertainment projected to grow at a CAGR of ~16% till 2020 Organised Retail projected to grow at a CAGR of ~18% till 2020 Infrastructure Investment to grow from ~Rs. 21 trillion in the XIIth Plan to ~ Rs. 62 trillion by 2012 India's GDP is expected to grow at 9% over the next decade supported by a strong Gross Capital Formation About Us |
  2. 2. Frontline Strategy Private Equity Advisory Firm Frontline Strategy Private Limited is a specialist Private Equity investment firm providing growth capital and expertise to businesses primarily focused on India. Incorporated in Mauritius in 2000, Frontline Strategy is a leading provider of venture capital to small and medium sized enterprises in India. The company has grown into a trusted and highly successful investment group with an extensive and diversified private equity investment portfolio. Over the years, Frontline Strategy has built its success on its extensive experience and industry insight. The company with its rich experience in the Venture Capital / Private Equity industry aims to invest in emerging and growth oriented companies in India. The Private Equity funds Frontline Strategy is an Indian private equity fund manager currently managing two fund- Strategic Ventures Fund Mauritius Limited (SVFML) and India Industrial Growth Fund (IIGF). Frontline Strategy is assisted in its decision making process by its Indian advisor, Frontline Venture Services Private Limited and its Global Research Advisor, Frontline Strategy Pte Limited in Singapore Investment Strategy | Team | Portfolio Copyright Kotak Mahindra Group. All rights reserved. | Disclaimer
  3. 3. Private equity funds TPG has historically relied primarily on private equity funds, pools of committed capital from pension funds, insurance companies,endowments, fund of funds, high net worth individuals, sovereign wealth funds and other institutional investors. As of the end of 2008, TPG had completed fundraising for over 20 funds with total investor commitments of over $50 billion. The firm manages investment funds in a number of distinct strategies including: TPG's flagship leveraged buyout funds Venture capital funds, particularly focused on biotechnology investments Distressed debt and other credit strategies invested through a series of funds raised in 2007 [3] Asian and Latin American funds, including the firm's Newbridge and TPG Asia fund family Other private equity funds. This includes TPG's T3 Partners funds, which invest in technology focused deals alongside the firm's main buyout funds. [4][5] TPG Star has a broad investment mandate including buyouts, venture capital and growth capital, however all of its investments are at the smaller end of the range, compared to TPG's traditional investments. [6] Fund Vintage Year Committed Capital ($m) TPG's Flagship Leveraged Buyout Funds Texas Pacific Group Partners 1994 $721 Texas Pacific Group Partners II 1997 $2,500 Texas Pacific Group Partners III 2000 $3,414 Texas Pacific Group Partners IV 2003 $5,300 Texas Pacific Group Partners V 2006 $15,000 TPG Partners VI 2008 $19,800 Venture capital funds TPG Ventures 2001 $339 TPG Biotechnology Partners 2002 $70 TPG Biotechnology Partners II 2006 $402 TPG Biotechnology Partners III 2008 $550 Distressed debt funds TPG Credit Management I 2007 $1,000 TPG Credit Strategies 2007 $443 Newbridge and TPG Asia funds
  4. 4. Newbridge Investment Partners 1995 $120 Newbridge Latin America 1995 $300 Newbridge Andean Partners 1996 $150 Newbridge Asia II 1998 $392 Newbridge Asia III 2001 $724 Newbridge Asia IV 2005 $1,500 TPG Asia V 2008 $4,250 Other private equity funds T3 Partners 1999 $1,000 T3 Partners II 2001 $378 TPG Star 2007 $1,500 Goldman sachs Goldman Sachs Capital Partners is the private equity arm of Goldman Sachs, focused on leveraged buyout and growth capital investments globally. The group, which is based in New York City, was founded in 1986. GS Capital Partners has raised approximately $39.9 billion since inception across seven funds and has invested over $17 billion. On April 23, 2007, Goldman closed GS Capital Partners VI with $20 billion in committed capital, $11 billion from institutional and high net worth investors and $9 billion from Goldman Sachs and its employees. GS Capital Partners VI is the current primary investment vehicle for Goldman Sachs to make large, privately negotiated equity investments. [1] Investment funds Since 1992, GSCP has raised third party capital as well as investing on behalf of Goldman, its clients and its employees through institutional private equity funds. GSCP's third party investors include pension funds, insurance companies, endowments, fund of funds,high net worth individuals, sovereign wealth funds and other institutional investors. As of the end of 2008, GSCP had completed fundraising for seven investment funds with total committed capital of approximatelyUS$39.9 billion: Fund Vintage Year Committed Capital ($m)
  5. 5. GS Capital Partners 1992 $1,104 GS Capital Partners Asia 1994 $300 GS Capital Partners II 1995 $1,750 GS Capital Partners III 1998 $2,780 GS Capital Partners 2000 2000 $5,250 GS Capital Partners V 2005 $8,500 GS Capital Partners VI 2007 $20,300 Investments GS Capital Partners emerged in the late 1990s as one of the largest private equity investors globally competing and partnering with the largest independent firms, Kohlberg Kravis Roberts, The Blackstone Group, Bain Capital, The Carlyle Group and TPG Capital. Since the raising of its Goldman Sachs Capital Partners 2000 Fund, GS Capital Partners has completed some of the most notable leveraged buyouts: Investment Year Company Description Ref. Burger King 2002 In July 2002, GS Capital Partners, together with TPG Capital and Bain Capital, announced the high profile $2.3 billion leveraged buyout of Burger King from Diageo. However, in November the original transaction collapsed, when Burger King failed to meet certain performance targets. In December 2002, the consortium agreed on a reduced $1.5 billion purchase price for the investment. The consortium had support from Burger King's franchisees, who controlled approximately 92% of Burger King restaurants at the time of the transaction. Under its new owners, Burger King underwent a major brand overhaul including the use of The Burger King character in advertising. In February 2006, Burger King announced plans for an initial public offering. [4][5][6] SunGard 2005 GS Capital Partners was one of seven private equity firms involved in the buyout ofSunGard in a transaction valued at $11.3 billion. GSCP's partners in the acquisition were Silver Lake Partners, Bain Capital, TPG Capital, Kohlberg Kravis Roberts,Providence Equity Partners, and The [7][8]
  6. 6. Blackstone Group. This represented the largest leveraged buyout completed since the takeover of RJR Nabisco at the end of the 1980s leveraged buyout boom. Also, at the time of its announcement, SunGard would be the largest buyout of a technology company in history, a distinction it would cede to the buyout of Freescale Semiconductor. The SunGard transaction is also notable in the number of firms involved in the transaction, the largest club deal completed to that point. The involvement of seven firms in the consortium was criticized by investors in private equity who considered cross-holdings among firms to be generally unattractive. Alltel Wireless 2007 GS Capital Partners and TPG Capital announced the acquisition of Alltel Wireless in a $27 billion buyout in May 2007. The transaction was approved by the Federal Communications Commission and closed on November 16, 2007. However just over six months later, on June 5, 2008, Goldman and TPG agreed to sell Alltel to Verizon for slightly more than it had paid for the company amidst a deteriorating economic outlook. [9][10] Biomet 2007 GS Capital Partners, The Blackstone Group, Kohlberg Kravis Roberts, and TPG Capitalacquired the medical devices company for $11.6 billion. [11] TXU 2007 An investor group of GS Capital Partners, Kohlberg Kravis Roberts and TPG Capitalcompleted the $44.37 billion [12] buyout of the regulated utility and power producer. The investor group had to work closely with ERCOT regulators to gain approval of the transaction but had significant experience with the regulators from their earlier buyout ofTexas Genco. TXU is the largest buyout in history, and retained this distinction when the announced buyout of BCE failed to close in December 2008. The deal is also notable for a drastic change in environmental policy for the energy giant, in terms of itscarbon emissions from coal power plants and funding alternative energy. [13][14]
  7. 7. The Carlyle group Corporate private equity Carlyle’s Corporate Private Equity division manages a series of leveraged buyout and growth capital investment funds with specific geographic or industry focuses.Carlyle invests primarily in the following industries: aerospace and defense, automotive, consumer and retail, energy and power, health care, real estate, technology and business services, telecommunications and media, andtransportation. Carlyle began investing in Corporate Private Equity in 1990 and since inception Carlyle has invested $53 billion of capital in 449 investments. Geographically, Carlyle has invested in three regions: (i) the Americas (222 investments, 58% of capital), (ii) Europe, the Middle East and Africa (102 investments, 23% of capital), (iii) Asia-Pacific (125 investments, 19% of capital).[1] As of December 31, 2012, Carlyle managed 31 active funds with $53 billion in assets under management consisting of[1] : Buyout funds - Carlyle manages a group of 21 active funds with approximately $49 billion in assets under management as of December 31, 2012. [1] Growth capital funds – Carlyle manages 10 active growth capital funds with approximately $4 billion in assets under management as of December 31, 2012. [1] kohlberg kravis Roberts KKR & Co. L.P. (formerly known as Kohlberg Kravis Roberts & Co.) is an Americanmultinational private equity firm, specializing in leveraged buyouts, headquartered in New York. The firm sponsors and manages private equity investment funds. Since its inception, the firm has completed over $400 billion of private equity transactions and was a pioneer in the leveraged buyout industry Private equity funds KKR has historically relied primarily on private equity funds, pools of committed capital that are raised from a broad array of institutional investors (e.g., pension funds, insurance companies, investment Banks, commercial Banks, endowments, fund of funds, high net worth individuals, sovereign wealth funds). [2][10] As of the end of 2008, KKR had completed fund-raising for approximately 14 traditional investment funds in the US, Europe and Asia with total committed capital of approximately US$58 billion: Fund Vintage Committed
  8. 8. Year Capital ($m) KKR Fund 1976 1977 $31 KKR Fund 1980 1980 $357 KKR Fund 1982 1982 $328 KKR Fund 1984 1984 $1,000 KKR Fund 1986 1986 $672 KKR Fund 1987 1987 $6,130 KKR Fund 1993 1993 $1,946 KKR Fund 1996 1997 $6,012 KKR European Fund 1999 $3,085 KKR Millennium Fund 2002 $6,000 KKR European Fund II 2005 €4,500 KKR Fund 2006 2006 $17,642 KKR Asia Fund 2007 $4,000 KKR European Fund III 2008 €6,000 KKR Asia Fund II 2012 $6,000 [11]
  9. 9. the carlayle group Apollo Global Management, LLC is an American private equity firm, founded in 1990 by former Drexel Burnham Lambert banker Leon Black. [2] The firm specializes in leveraged buyout transactions and purchases of distressed securities involving corporate restructuring, special situations and industry consolidations. Apollo is headquartered inNew York City, and also has offices in Purchase, New York, Los Angeles, Houston, London, Frankfurt, Luxemburg, Singapore, Hong Kong and Mumbai. The firm has invested over $16 billion in companies. Private equity funds Apollo has historically relied primarily on private equity funds, pools of committed capital from pension funds, insurance companies,endowments, fund of funds, high net worth individuals, family offices, sovereign wealth funds and other institutional investors. Since 2008, Apollo has begun investing its seventh private equity fund, Apollo Investment Fund VII, which raised approximately $15 billion of investor commitments. [57] Since inception in 1990, Apollo has raised a total of seven private equity funds, including: [24] Fund Vintage Year Committed Capital ($m) Apollo Investment Fund VII [57] 2008 $14,900 Apollo Investment Fund VI 2005 $10,200 Apollo Investment Fund V 2001 $3,700 Apollo Investment Fund IV 1998 $3,600 Apollo Investment Fund III 1995 $1,500 Apollo Investment Fund II 1992 $500 Apollo Investment Fund I 1990 $400
  10. 10. bain capital Bain Capital pioneered the value added investment approach. We partner with our management teams to provide the strategic and analytic resources needed to build and grow great companies. Our success is built on a collaborative approach that harnesses the power of great teams to generate the best ideas and strategies. Since 1984, we’ve made over 250 investments that have generated industry leading returns while building a global network of highly trained team members that are committed to the success of our portfolio companies. We are proud that Bain Capital professionals in aggregate are the largest investor in every fund we raise. This commitment highlights our core principle of alignment with our investors and management teams. Bain Capital Private Equity Bain Capital Private Equity has raised ten funds and invested in more than 250 companies. The private equity activity includes leveraged buyouts and growth capital in a wide variety of industries. [128] Bain began investing in Europe in 1989 through its London-based affiliate Bain Capital Europe. [129] Bain also operates international affiliates Bain Capital Asia and Bain Capital India. Bain Capital Private Equity is made up of more than 250 investment professionals, including 38 managing directors operating from offices in Boston, Hong Kong, London, Mumbai, Munich, New York, Shanghai, and Tokyo, as of the beginning of 2011. Historically, Bain has primarily relied on private equity funds, pools of committed capital from pension funds, insurance companies,endowments, fund of funds, high net worth individuals, sovereign wealth funds and other institutional investors. Bain's own investment professionals are the largest single investor in each of its funds. From 1993, when Bain raised its first institutional fund through the beginning of 2012, Bain had completed fundraising for 11 funds with total investor commitments of over $38 billion, including its global private equity funds and separate funds focusing specifically on investments in Europe and Asia. Since 1998, each of Bain's global funds has invested alongside a coinvestment fund that invests only in certain larger transactions. The following is a summary of Bain'sprivate equity funds raised from its inception through the beginning of 2012: [130] Fund Vintage Year Committed Capital ($m) Bain Capital Fund IV 1993 $300 Bain Capital Fund V 1995 $500
  11. 11. Bain Capital Fund VI 1998 $1,400 [131] Bain Capital Fund VII 2000 $3,117 [131] Bain Capital Fund VIII 2004 $4,250 [131] Bain Capital Fund VIII-E (Europe) 2004 $1,015 Bain Capital Fund IX 2006 $10,000 [131] Bain Capital Europe III 2008 € 3,500 Bain Capital Asia 2008 $1,000 Bain Capital Fund X 2008 $11,800 [131] Bain Capital Asia II 2011 $2,000 Cvc capital partner CVC Capital Partners Ltd. is a private equity firm specializing in middle market, mature, expansion, successions, management buyouts, leveraged buyouts and buyins, recapitalization, restructuring, growth, and acquisitions. It seeks to invest in industrial and service sectors including telecommunications, information technology, electronics, biotechnology, medical, energy, chemistry, new materials, industrial automatisms, industrial goods and services, other manufactured goods, financial services, manufacturing, services, distribution, media, retail, telecom, media, technology, consumer goods, buildings, and public works. The firm also seeks to make infrastructure investments in Europe in the following sectors:
  12. 12. transport, public or business utilities, provision of government services, communications infrastructure, energy production and provision, and businesses providing related regulated services. It prefers to invest in companies based in North America, Latin America, Asia with a focus on Japan, Australia, New Zealand, and Europe with a focus on France. The firm targets a minimum equity investment of $150 million for its European funds and $50 million for its Asian funds. It typically invests between €150 million ($197.73 million) and €1.5 billion ($1977.28 million) in companies with enterprise values between €300 million ($398.93 million) and €10 billion ($1329.77 million) and revenues between €200 million ($263.64 million) and €50 billion ($65909.5 million). For Asia Pacific region, the firm seeks to invest in companies with enterprise value between $100 million to $5 billion. The firm typically holds its investment for five years or more. It also prefers to take a board seat in its portfolio companies. It typically acquires a controlling or significant minority interests in European, Asian, and North American companies. CVC Capital Partners Ltd. was founded in 1981 and is based in London, United Kingdom with additional offices across Europe, North America, Asia, and Australia. Fund [4] Year Region Size (millions) CVC European Equity Partners I 1996 Europe $840 CVC European Equity Partners II 1998 Europe $3,333 CVC Asia Fund I 2000 Asia $750 CVC European Equity Partners III [3] 2001 Europe $3,970 CVC European Equity Partners IV [5] 2005 Europe € 6,000 CVC Capital Partners Asia Pacific II 2005 Asia $1,975 CVC European Equity Partners IV Tandem Fund 2006 Europe € 4,123 CVC European Equity Partners V 2008 Europe € 10,750 CVC Capital Partners Asia Pacific III 2008 Asia $4,119
  13. 13. the blackston group Corporate private equity As of 2011, Blackstone is the world's fifth-largest private equity firm by committed capital and focuses primarily on leveraged buyouts of more mature companies. [6] The firm also invests through minority investments, corporate partnerships and industry consolidations, and occasionally, start-up investments in new entrants into existing industries. The firm focuses on friendly investments in large capitalization companies. [3] Blackstone's private equity business employs approximately 120 investment professionals in New York City; London; Menlo Park, California; Mumbai; Hong Kong; and Beijing. [5] Historically, Blackstone has primarily relied on private equity funds, pools of committed capital from pension funds, insurance companies, endowments, fund of funds, high net worth individuals, sovereign wealth funds and other institutional investors. [8] As of the end of 2008, Blackstone had completed fundraising for six funds with total investor commitments of over $36 billion, including five traditional private equity fund and a separate fund focusing on telecommunications investments. Following is a summary of Blackstone's private equity funds raised from its inception through the beginning of 2009: [9] Fund Vintage Year Committed Capital ($m) Blackstone Capital Partners I 1987 $800 Blackstone Capital Partners II 1994 $1,270 Blackstone Capital Partners III 1997 $3,780 Blackstone Communications Partners I 2000 $2,019 Blackstone Capital Partners IV 2003 $6,450 Blackstone Capital Partners V 2006 $21,700
  14. 14. Blackstone Capital Partners VI 2010 $13,500 From 1987 to the time of its IPO filing in 2007, Blackstone invested approximately $20 billion in capital in 109 private equity transactions. [3] Blackstone's most notable investments include Allied Waste, AlliedBarton Security Services, Graham Packaging, Celanese, Nalco,HealthMarkets, Houghton Mifflin, American Axle, TRW Automotive, Catalent Pharma Solutions, Prime Hospitality, Legoland, Madame Tussauds La Quinta, Luxury Resorts (LXR), Pinnacle Foods, Hilton Hotels Corporation, Apria Healthcare, Travelport, The Weather Channel (United States) and The PortAventura Resort. In 2009 Blackstone purchased Busch Entertainment (comprising the Sea World Parks, Busch Garden Parks and the 2 water parks). [12] In 2012 Blackstone acquired a controlling interest in Utah-based Vivint, Inc., a home automation, security and energy company. [13] Former notable investments include Universal Studios Parks, which was sold to Comcast.