NewQuest Announces Mumbai Office Opening and New Hires in India
NewQuest Capital Partners (“NewQuest”), Asia’s leading secondary private equity firm, announces the opening of its Mumbai office, its third office in Asia. The opening further strengthens the firm’s presence in India and reinforces its long-term commitment to the Indian market. The Mumbai office opening follows the opening of NewQuest’s office in Beijing in August 2016.
Darren Massara, Managing Partner of NewQuest said: “We are very pleased to announce the opening of our Mumbai office. India has been a core market for us since inception. Over the past two years, we have invested approximately US$200M in India and expect our investment pace to increase in the near-term. Having a team on the ground further enhances our network of relationships and brings us closer to our portfolio companies.”
In conjunction with the office opening, NewQuest has made some additional hires bringing its total India team size to nine professionals. Among these hires is Sachin Khandelwal, who recently joined as a Director and head of Portfolio Management based in Mumbai. Sachin brings with him 15 years of operational and consulting experience, significantly boosting the NewQuest’s operational capabilities. Prior to NewQuest, Sachin was Senior Principal at Bain & Company based in Mumbai, where he focused on formulation of strategy, transformation of operations, marketing and sales plans, and profit improvement, with a particular focus on consumer sectors. Sachin has also previously spent five years at Hindustan Unilever, holding positions in both sales and marketing, such as Marketing Head of Infant Care products, and has also worked at Monitor Deloitte.
Amit Gupta, Partner and Head of India/SE Asia for NewQuest said: “Sachin is a seasoned operational professional with hands-on experience working in a Fortune 500 company in both sales and marketing functions. In addition, he has worked with numerous CXOs and private equity firms as a trusted advisor.” Amit further added: “The new Mumbai office and recent team additions will help us to continue to provide liquidity solutions to GPs through direct purchases and LPs through fund restructurings. It will also allow us to become more deeply involved with our portfolio companies and to work closely with our GP partners in the region.”
About NewQuest Capital Partners
NewQuest is the leading secondary private equity platform focused on the Asia-Pacific region.
We specialize in providing alternative liquidity solutions to private equity asset owners, such as financial institutions, corporations, family offices, hedge funds and private equity funds, on a direct and indirect basis. We acquire private equity positions directly through portfolio and single asset transactions and can also partner with incumbent managers to provide liquidity to limited partners. Our transactions are highly tailored in order to address particular objectives of sellers as well as the needs of the incumbent managers and underlying portfolio companies. Working with NewQuest provides a discreet solution, smooth transition, and continued value creation for all stakeholders.
NewQuest was established in 2011 and has extensive experience in sourcing, executing, managing, and divesting private equity and special situation stakes across Asia. It currently manages three funds with capital commitments of over US$1.3 billion. For more information, please visit www.nqcap.com