News: Goldman may invest $100m in Pantaloon arm
(TNN 20/04/2006) Mumbai - Goldman Sachs’ private equity arm is understood to be in talks to invest around $100m as a strategic investor in Indivision Capital, a private equity fund managed by Future Capital Holdings, Pantaloon’s financial retail arm.
Indivision, which will invest primarily in small and regional consumer-related companies as a strategic investor and scale it up to a national level, is currently undertaking roadshows abroad as part of its fund-raising strategy.
The companies invested in will be provided hands-on mentoring capabilities by Indivision and a national distribution network through Pantaloon Retail.
Meanwhile, Pantaloon has roped in Atul Kapur, the managing director and principal strategist of Goldman Sachs’ private equity fund, to head Indivision Capital as MD and chief investment officer.
While Mr Kapur will handle the investment decisions for the fund, Coke India chief Sanjiv Gupta will spearhead the operational and mentoring capabilities in the companies invested.
Pantaloon Retail is trying to attract top talent from global organisations by offering a long-term wealth creation model on a partnership basis.
Mr Kapur, 42, has been with Goldman Sachs (London) for 12 years in the principal strategies group, which is responsible for investing Goldman Sachs’ proprietary capital.
Within that group, he headed the private equity business for Europe and India. The principal strategies group is one of the most profitable arms of Goldman Sachs and currently has over $14bn invested globally.
While Sameer Sain, CEO of Future Capital, refrained from commenting on Goldman Sachs’ investment in the group, he confirmed Mr Kapur’s move. “Mr Kapur is a very successful investor with significant experience in Europe and Asia, specifically India.
He will be the chief investment officer of Indivision Capital and will be responsible for all portfolio investments.” he said.
Mr Kapur will join other high-profile recent recruits in Pantaloon Retail like Sanjiv Gupta (former CEO of Coca Cola India), Dimple Sanghi (ex-AIG Private Equity), Roopa Purushothaman (former senior economist, Goldman Sachs) and Sanjoy Chatterjee (ex-McKinsey), among others.
Indivision, which will invest primarily in small and regional consumer-related companies as a strategic investor and scale it up to a national level, is currently undertaking roadshows abroad as part of its fund-raising strategy.
The companies invested in will be provided hands-on mentoring capabilities by Indivision and a national distribution network through Pantaloon Retail.
Meanwhile, Pantaloon has roped in Atul Kapur, the managing director and principal strategist of Goldman Sachs’ private equity fund, to head Indivision Capital as MD and chief investment officer.
While Mr Kapur will handle the investment decisions for the fund, Coke India chief Sanjiv Gupta will spearhead the operational and mentoring capabilities in the companies invested.
Pantaloon Retail is trying to attract top talent from global organisations by offering a long-term wealth creation model on a partnership basis.
Mr Kapur, 42, has been with Goldman Sachs (London) for 12 years in the principal strategies group, which is responsible for investing Goldman Sachs’ proprietary capital.
Within that group, he headed the private equity business for Europe and India. The principal strategies group is one of the most profitable arms of Goldman Sachs and currently has over $14bn invested globally.
While Sameer Sain, CEO of Future Capital, refrained from commenting on Goldman Sachs’ investment in the group, he confirmed Mr Kapur’s move. “Mr Kapur is a very successful investor with significant experience in Europe and Asia, specifically India.
He will be the chief investment officer of Indivision Capital and will be responsible for all portfolio investments.” he said.
Mr Kapur will join other high-profile recent recruits in Pantaloon Retail like Sanjiv Gupta (former CEO of Coca Cola India), Dimple Sanghi (ex-AIG Private Equity), Roopa Purushothaman (former senior economist, Goldman Sachs) and Sanjoy Chatterjee (ex-McKinsey), among others.
posted by InCar Group Press Room at 12:06
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