Growth equity firm Summit Partners has opened a new office in Mumbai. The office is being run by Amit Chaturvedy, director India. Associates Gaurav Prakash and Miloni Shah are joining him on the team.
Growth equity investor Summit Partners today announced that it has established a new office in Mumbai. Summit is opening the office to increase investment activity in India and to support its North American and European-based portfolio companies with their expansion efforts the region.
The office is being managed by Amit Chaturvedy, Director-India, and joining him are Associates Gaurav Prakash and Miloni Shah. Summit Partners will apply the same investment strategy that Summit Partners has successfully executed since 1984—to focus on high-growth businesses run by strong management teams.
“As growth equity investors with a 28-year track record, we see a significant opportunity in the Indian market. India’s strong entrepreneurial tradition, combined with a fast-growing economy, means there are many companies that can benefit from Summit’s capital investment, strategic advice and industry expertise,” said Scott Collins, Managing Director-International Equity, who oversees Summit Partners’ investment efforts in Europe and Asia. “Summit brings a wealth of experience in helping companies grow nationally and internationally, which is of great value to Indian entrepreneurs with global aspirations.”
In 2010, Summit Partners invested in Krishidhan Seeds Limited, one of India’s leading seed companies. In addition, a number of Summit’s portfolio companies have a major presence in India, including Belkin International, Continuum, McAfee, Multifonds, Ogone, Snap Fitness and Winshuttle Holdings.
Summit Partners intends to make investments in the range of INR50 crores ($10 million) to INR500 crores ($100 million) per company. Added Mr. Chaturvedy, “We seek to partner with Indian entrepreneurs who have navigated their businesses to a leadership position by identifying a market opportunity and implementing an innovative business model or technology to create a sustainable competitive advantage. When a company meets our investment criteria, we are very flexible in creating a transaction structure that results in a win-win situation for all.”
About Summit Partners
Summit Partners (www.summitpartners.com) is a growth equity firm that invests in rapidly growing companies. Founded in 1984, Summit has raised more than $14 billion in capital and provides equity and credit for growth, recapitalizations and management buyouts. Summit has invested in more than 340 companies across a range of industries. These companies have completed more than 125 public offerings, and in excess of 130 have been acquired through strategic mergers and sales. Summit Partners has offices in Boston, Palo Alto, London and Mumbai.
In the United States of America, Summit Partners operates as an SEC-registered investment advisor. In the United Kingdom, this document is issued by Summit Partners Limited, a firm authorized and regulated by the Financial Services Authority. Summit Partners Limited is a limited company registered in England and Wales with company number 4141197, and its registered office is at 20–22 Bedford Row, London, WC1R 4JS, UK. This document is intended solely to provide information regarding Summit Partners’ potential financing capabilities for prospective portfolio companies.