Olympus Capital to step into India
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New Delhi: Olympus Capital Holdings, an Asia-focused private equity (PE) fund that has already invested around $1.5 billion in growing economies like Japan, Korea and Greater China, is stepping to the country. The PE fund had a representative office in India so far but has now decided to set up full-fledged office with a six-member team, reported The Economic Times. "India is emerging as a very important market for PE players like us. We are hopeful that the country will see a huge inflow of investments," said Gaurav Malik, firm's newly MD for India operations that would be based in Delhi. The investments that Olympus has so far made in India include Raman Roy's Quatrro BPO, Sanghvi Movers, HDFC Bank and Nipuna (Satyam's BPO), which it exited last year. In addition to India, its portfolio consists of over 30 companies, including recent investments in Sichuan Emeishan Special Cement (China), Kyoto Kimono Yuzen (Japan) and China Zhongwang Holdings (China). Traditionally, the firm has been investing in sectors like manufacturing, food and agri-businesses, environmental services, clean technologies, auto components and financial services, Malik said that the focus sectors will remain the same in India as well. He also said the firm will look forward to small to big-ticket investments, ranging from $50-100 million. These could be in terms of buyouts or picking up of both minor and major stakes in companies. Olympus Capital recently closed its fourth fund-raising worth $750 million. Apart from its new office in New Delhi, the firm has offices in New York, Tokyo, Shanghai, Seoul and Hong Kong. Established in 1997, the fund was co-founded by Daniel R. Mintz (formerly head of Morgan Stanley PE in Asia), Frederick Long (from ZBI Asia) and Larry Miao.

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