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AEA Holdings to invest in India
By siliconindia
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Tuesday, 24 October 2006, 19:30 IST
Bangalore: With $2 billion private equity fund at its disposal, AEA Holdings is set to invest in India. The company has recently taken on board former CEO of Nortel, Bill Owens to look into investments in China and India.
"Our check sizes initially will be in the range of $30 million. Traditionally, AEA has been strong in buying midsize companies, improving their sales and selling them a few years later. We will continue that focus in Indian investments, said Owens.
He further mentioned that the future plans might be to have India specific fund depending on how investments take place.
AEA Holdings manages around $10 billion worth of assets and has its presence in Japan and Korea, investing in commercial real estate and publicly traded real estate entities. The investment plan by the company comes close on the heels of Garnett & Helfrich Capital (G&H) announcing its plans for India. Technology venture buyout fund G&H is looking to raise $850 million for its second funding, up from $350 million by early next year.