Business Daily from THE HINDU group of publications
Saturday, Dec 09, 2006

Cross Currency

Group Sites

Corporate - People
Web Extras - Financial Services
TPG Ventures sets up team for Indian investments

Our Bureau

Ropes in former top executive at Intel Capital

New Delhi, Dec. 8

TPG Ventures (TPGV) announced on Friday that Mr Varun Kapur, a former top executive at Intel Corporation's strategic investment unit, Intel Capital, will join the firm as Partner effective February 2007.

TPGV is the growth fund of TPG, a leading global alternative investment firm. Mr Kapur will be based in Mumbai and will lead the firm's expansion stage, smaller buyouts and growth-oriented investments in India, with investments up to as much as $75 million. Mr Kapur will also have additional responsibility for growth and expansion investments in Japan, Australia and parts of South-East Asia.

TPG Newbridge, TPG's Asian investment arm, already has a significant presence in India with Mr Puneet Bhatia, Managing Director, leading TPG's efforts for buyouts and large strategic transactions in India.

TPG Newbridge is part of the TPG global buyout and late stage private equity fund that invests across the globe in multiple sectors. In India, TPG has invested in Matrix Laboratories and Shriram Finance.

According to Mr Kapur, the average size of investments by TPG will be in the $30-60 million range and the firm would be looking to make these investments in companies from a cross-section of sectors.

Texas Pacific Group Ventures (TPGV) is the growth fund of TPG and manages more than $1 billion of capital.

More Stories on : People | Financial Services

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Apollo Tyres plans R&D facility in Germany

Rajesh Exports bags LIC order
Cabinet nod for Limited Liability Partnership Bill
Forrester ranks HCL Tech as leader
How an oil company milked super-profits
Aegis, Percept revamp operations
Carborundum buys 2 units in Jabalpur
GAIL buys 30 pc stake in Myanmar oil, gas block
3M Electro to acquire Mahindra Engg division
J.K. Cement plans to acquire plant with 1.5-mt capacity
`Workforce quality vital in risk management'
UTV in Rs 128-cr deal to buy 2 gaming cos
Schwing Stetter plans to make truck-mounted boom pump
Mamata refuses to call off fast despite Buddhadeb's request
For pharma, biotech firms, all roads lead to Europe
1,640 complaints against cos received
Toonz signs pact to produce animation film
Lifan, M&M in talks for 2-wheeler venture
DS Const ties up funds for road projects
Changi seeks to bid for airport modernisation
RJ Corp appointed Cryobanks licensee
Govt does not propose to formulate accounting standards of its own
Honeywell mulls shifting one production line to HAL
Danieli Engg to strengthen Kolkata operations
FIR filed against 102 cos, promoters
Dalmia Cement CEO
TPG Ventures sets up team for Indian investments

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line