Investcorp to boost investments in India with up to three deals a year
Investcorp, the alternative asset manager that lists Mubadala Investment Company as its biggest shareholder, is bullish on India and plans to boost its investments in the South Asian nation amid new opportunities, according to a top executive from the company. It aims to do two to three deals a year with an investment ranging between $50 and $75 million per deal, Gaurav Sharma, head of India…
Investcorp, a leading alternative asset manager, plans to increase its investments in India with up to three deals per year, according to Gaurav Sharma, head of the company's India investment business. The investments are expected to range between $50 and $75 million each, although Sharma did not provide a total investment figure for the next five years.
Sharma emphasized that the company will focus on sectors such as business services, healthcare, pharma, technology, consumer, and industrials and manufacturing. In the past few years, Investcorp has made $1 billion worth of investments in the private equity space in India, including companies like NephroPlus, Global Dental Services, FreshToHome, Unilog, and NuSummit.
The company evaluates over 150 companies yearly to select two or three for investment. Investcorp is currently investing through a $500 million fund and plans to raise another one once it exhausts the current one. The UAE-based company is optimistic about the Indian economy, which has shown growth despite challenges like the Iran war.
India is projected to grow by 7.1 percent this year and by 6.5 percent next year, according to the International Monetary Fund.
Written by urgent.news from The National Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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