LUXEMBOURG: Swiss private equity firm Partners Group Holding AG is looking to rearrange its India portfolio that has quadrupled to more than US$8bil since it first started investing in the country a decade ago, according to a top company official.
The fund is looking to exit some India investments and deploy the winnings in other sectors in the country such as healthcare, technology, education and shadow lending, Manas Tandon, partner and global head of private equity goods and products at Partners Group, said.
The company raked in over US$3bil on the sale of its 23% stake in retail chain Vishal Mega Mart Ltd, which debuted on the stock exchanges last week.
It is now awaiting regulatory approvals to sell its entire 10.8% stake in mortgage lender Aavas Financiers Ltd to Luxembourg-based CVC Capital Partners under a deal announced in August. — Bloomberg
