Criteria for deal evaluation
We look at four key factors when evaluating investment opportunities.
Visionary Promoter/High Performance Management Team
We partner with top quality promoters and management teams that are professional and ethical and have a proven track record. We are a relationship driven firm and believe in building lasting relationships with promoters that share our passion for excellence and our commitment to build value for all stakeholders.
Well Positioned Businesses
With a primary focus on infrastructure and allied services and enablers, we are particularly interested in attractive businesses that are sustainable, scalable and capable of generating strong cash flows. We typically invest between USD 20 million (INR 1,000 million) and USD 75 million (INR 3,400 million) in each portfolio company.
Fair Deal Terms
We are typically a minority investor, but will consider control transactions on an opportunistic basis. Therefore we seek standard private equity terms to protect our investment. We play an active role in monitoring our portfolio companies through participation on the Board of Directors and Management Committees.
Visibility of Exit
We are a long-term private equity player and work with companies over a period of time. However, we need to know, before we invest, how we could exit from the investment. Based on the business, we consider various options for a viable exit and set a target horizon date. The most common exit strategy is an IPO, but we are also open to other routes such as a sale to a financial investor.
