KKR India Financial Services and Tranzmute Capital & Management are partnering to provide business management and transformation services to latent businesses in India. This includes restructuring and turnaround services. Narayan K. Seshadri will serve as managing partner and will oversee the day-to-day activities of the partnership.
KIFS and Tranzmute Partner to Address Business Transformation and Restructuring Needs in India
MUMBAI — May 31, 2018 — KKR India Financial Services (“KIFS”), KKR’s alternative credit business in India, and Narayan K. Seshadri of Tranzmute Capital & Management (“Tranzmute”) today announced the formation of a partnership to provide business management and transformation services to latent but high-potential businesses in India in addition to restructuring and turnaround services to stressed companies.
The partners primarily look to provide their services to mid-market companies with the aim of enhancing their business strategies, capital structures and organizational and operational capabilities. It will leverage Tranzmute’s business model, established by Mr. Seshadri, of helping companies achieve their growth ambitions by aligning economic incentives with the delivery of successful business outcomes. The partnership will adopt an open architecture model servicing third-party businesses as well as select companies within KIFS’ credit portfolio.
Mr. Seshadri assumes the role of Managing Partner and will oversee the day-to-day activities of the partnership. Tranzmute’s operating management team will additionally be brought in to service companies, and experienced senior professionals will lead long-term transformational projects.
Mr. Seshadri said, “Given the complexities of today’s operating environment — which include rapidly changing technologies and increasingly stringent regulations and customer demands — companies often require comprehensive transformational changes to grow and enhance their resilience. My team and I are delighted by the opportunity to work with both KIFS’ credit portfolio and other companies across India. This partnership enables us to expand our team, bring in highly talented, experienced professionals with entrepreneurial aspirations, and where possible, work with KIFS to extend innovative financing solutions to businesses. Together, we aim to launch a truly unique partnership that provides holistic solutions to businesses across India.”
BV Krishnan, Member of KKR and CEO of KIFS, said, “We have known and respected Narayan and his team at Tranzmute for years, and we are pleased to elevate our relationship with the launch of this new partnership. KIFS has a market-leading alternative credit financing franchise, and with Narayan and his team, we will have the ability to work with KIFS’ portfolio companies to better help them minimize risks and add measurable value. Additionally, today’s market presents significant opportunities for business transformation, particularly as mid-market companies look to create robust business models and scale. This partnership is designed to help these companies on an open-architecture basis.”
KIFS and Narayan K. Seshadri expect to launch the partnership in the third quarter of 2018. Further details were not disclosed.