Posts Tagged ‘IBF’

avatar

Inaugural PE India trek

Posted by: AK

Ten students from across London Business School’s degree programmes were selected to attend the student-led trek, with a view to helping them understand the sector better, build connections in the Indian Private Equity (PE) space and explore future career opportunities. The trek was conceptualized and led by Manita Shinh, MBA2013, and was sponsored by the Private Equity and Venture Capital Club, the India Business Forum and Career Services. I was one of the trek members, and thought I’d quickly give you a download of what it was like to be a part of professional treks such as this.

The participants met with country managing partners and other senior professionals at KKR, Blackstone, Apax, Carlyle, Bain Capital, TPG, TA Associates, General Atlantic, Actis, 3i, Advent International, Warburg Pincus, Fidelity Growth Partners and Abraaj. Apart from the global majors, the participants also met with India focused funds such as Tano Capital, ICICI Ventures, Multiples and Faering Capital.

The trek was an opportunity to learn about the distinct investing styles of each of these funds both globally and in India. Practitioners shared their views of the macroeconomic environment, implications of the recently announced budget on the PE sector, their past and current focus investment areas, current trends and unique challenges and opportunities they were seeing in the space.

India is a growth equity market characterized by minority stakes, and it was interesting to hear from big buyout funds on their India strategy, as well as from those that had managed to close control based transactions in the market. Each fund took the time to explain their method of selecting investments and adding value, and many shared details of past investments to illustrate the same.

The Mumbai LBS Alumni Club scheduled Sundowners to coincide with the trek, and Thursday evening saw students mingle with alumni at Wink at the Taj. The event was made even more enjoyable with an exclusive wine-tasting conducted by the founder of Sula Vineyards. Apart from meeting alumni, the students also got the chance to interact with senior professionals from funds such as Tata Capital, Matrix Partners, Mumbai Angels and Kea Capital, who also attended the Sundowners.

Despite the hectic schedule that spanned meetings with 19 funds in five days, the participants had the chance to catch their breath, and a few drinks, at the famous Air bar at the Four Seasons, and enjoy some of the local cuisine between meetings.

Read the rest of this entry »