KKR Hires Citi’s Sanjay Nayar To Set Up India Shop | VCCircle


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Global private equity giant Kohlberg Kravis Roberts & Co (KKR) has finally decided to set up its India shop. It has hired Citigroup veteran Sanjay Nayar to be chief executive of KKR India, said the New York based firm in a statement. VCCircle was the first to report as long as a year ago that Sanjay Nayar is going to be India head for the legendary buyout giant. KKR will set up its office in Mumbai and is also planning to hire more people.

In Asia, KKR has offices in Hong Kong, Beijing and Tokyo. Other private equity biggies as Apax Partners, Blackstone and Carlyle have already set up their India offices in last couple of years. Earlier this year Bain Capital and Apollo also opened their India offices. Bain Capital has hired ex-DSP Merrill Lynch banker Amit Chandra to head its India operations.

KKR has assets under management around $58 billion and has so far done two deals in India. It did its first deal in 2006 by buying out Flextronics Software, which was renamed as Aricent Technologies, for $900 million in the largest leveraged buyout in India. Earlier this year, it also made a strategic investment of $250 million in Bharti Infratel Ltd, the tower arm of India’s largest private sector telco Bharti Televentures.

In a filing earlier this year it said that its eyeing infrastructure investments in India.

“India is now a core part of our growing global private equity and investment platform. We believe India’s compelling demographics, dynamic economy and culture of entrepreneurship will provide superior long-term investment opportunities,” KKR’s founding partners Henry Kravis and George Roberts said in a statement.

KKR was also planning to list on New York Stock Exchange this year, but delayed the plan due to collapse in global markets.

via KKR Hires Citi’s Sanjay Nayar To Set Up India Shop | VCCircle

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Investment Banker, 40s, Bangalore This Biopic and this web recreates how one point of view, one person can impact a tremendous economic engine that the world thrives and mis-thrives on. This one has the knowledge and the civil sense , the art of conversation and some good writing to mentor others as powerful and help global managers develop and fine tune their approach on US markets, China, India and the world. Read on here, and let me know what you need. It can be a race for TRPs, a race for new markets and a race to do what is right. I have the pulse of the crisis, the recovery and the market direction and can help you build and refine your strategy as i have helped thousands of managers and multiple global corporations. Of course, it’s more fun if you talk to me. I am in favor of leading this moving of the economic crisis and will partner with you in a soft and subtle way, just the way we both ride to the top. But you can write with us, opine and just reply with aplomb and shine on Twitter , 4 square , Facebook and any other social “choupal” of choice via zyaadakairaada Profile & Portfolio - SocialPicks Different flavours at: http://benchilibowl.wordpress.com http://zyaada.mp

Posted on November 20, 2008, in Bank Stocks, Financial Markets, India, Investments and tagged , , , , , , , , , . Bookmark the permalink. Leave a comment.

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