Bain Cap to invest up to $800 mn in India

Private equity firm Bain Capital LLC said it will make up to four investments in India.

Written by Agencies | New Delhi | Published: April 5, 2012 11:18 pm

Private equity firm Bain Capital LLC today said it will make up to four investments in India that could entail a total of about USD 800 million saying the country is an “extraordinarily attractive investment destination”.

“In the next four years we will make around three to four investments in India with the size of one investment varying between USD 50 million to USD 250 million,” Bain Capital LLC Managing Director Paul Edgerley said on the sidelines of Hero Mindmine Summit here.

When asked about the total investment that the company couold make in India in the next four years,he said: “In a year,we will on an average invest USD 150 to USD 200 million in India.”

In the last three years Bain Capital has invested USD 750 million in India,Edgerley added.

Spelling out opportunities in India,he said: “We clearly view India as an extraordinarily attractive investment destination. This is the reason we have build a team here and make several investments.”

There is need for significant investment in India and PE companies like Bain and MNCs will will have opportunities to invest,he added “We invest in any company for a period of 5-7 years,but are very selective when it comes to chosing the right partner,” he siad.

With an office in Mumbai,the PE major currently employs 30 people in India.

Asked about the areas where the company intends to make further investments in India he said: “We would look at company that supply products and services to the growing middle class in India.”

Edgerley,however,said the challenge in India is lack of clarity on what rules and regulations are.

“Whether there will be change in regulations,like the Vodafone case,lack of clarity makes it challenging for an outside investor,” he said.

On the issue involving troubled kidswear retail firm Lilliput where Bain has invested,Edgerley declined to comment saying: “We cannot say anything on that since it is a judicial case.”

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