The US-based PE fund Bain Capital PE, which has assets worth $40 billion under management, is setting up shop in India.
Bain Capital, one of the top five PE funds in the world, has invested in companies such as Home Depot Supply and Burger King. It has appointed veteran in-vestment banker-turned PE investor Amit Chandra as its country head and MD for India operations. Sources say that Bain Capital is evaluating big India deals in the range of $100-200 million and would be setting up office in Mumbai.
Former MD of DSP Merrill Lynch, Chandra’s primary role was to build relationships and he executed some of the largest deals for the firm. He quit DSPML in 1997 to join New Silk Route or NSR Advisors, an India-focused PE fund, which has an asset of $1 billion. NSR Advisors was co-founded by ex-McKinsey chairman Rajat Gupta, Parag Saxena of Vedanta Capital and Mr Chandra himself.
Source: Economic Times