MEDIA RELEASE PR36638
Apax Partners Names New Co-Heads of India Office
MUMBAI, Oct. 19 /PRNewswire-AsiaNet/ --
Apax Partners, one of the world's largest private equity firms, is today pleased to
announce that Sandeep Naik and Shashank Singh have been appointed co-heads of the India
office.
Sandeep and Shashank both joined the firm in 2004 in the New
York and London offices, respectively, and relocated to co-found the India
office in 2006. They will be replacing Neeraj Bharadwaj, who is leaving the
firm to join a U.S. growth capital firm.
Apax Partners opened its Mumbai office in 2006 and made its
first direct investment in the region in 2007 with the acquisition of a
significant minority stake in Apollo Hospitals, India's largest private
hospital group.
Martin Halusa, CEO Apax Partners, said: "We are pleased to
have professionals with the experience and track record of Sandeep and
Shashank to lead Apax in India. This reinforces our commitment to India,
where we now have five investment staff supported by a global team of 117
sector-focused investment professionals. We thank Neeraj for his ten years of
service at the firm including his leadership of the Indian office and we wish
him success in his new position."
NOTES TO EDITORS
About Apax Partners
Apax Partners is one of the world's leading private equity investment
groups. It operates across the United States, Europe and Asia and has more
than 30 years of investing experience. Funds under the advice and management
of Apax Partners globally total over $40 billion. These Funds provide
long-term equity financing to build and strengthen world-class companies.
Apax Partners Funds invest in companies across its global sectors of Tech &
Telecom, Retail & Consumer, Media, Healthcare and Financial & Business
Services.
Shashank Singh - Co-Head of the Mumbai office
- Joined Apax in 2004. Prior experience at Monitor Company.
- BA in Economics from St Stephen's College, Delhi University. MA in
Economics from St Edmund's College, Cambridge University. MBA from
Harvard Business School (Baker Scholar).
- Apax deal experience includes Weather Investments, TIM Hellas,
Q-Telecom, Bezeq, TDC and Synetrix.
Sandeep Naik - Co-Head of the Mumbai office
- Joined Apax in 2004. Prior experience at Medtronic and McKinsey.
Co-founder InfraScan
- BTech in Instrumentation Engineering (Gold medallist) University of
Mumbai. MS in Biomedical Engineering from Medical College of Virginia
(Alex M Clarke Scholar). MBA in Finance from Wharton School.
- Apax deal experience includes Apollo Hospitals, Esprit Pharma, Xanodyne
and Spectrum Labs.
SOURCE: Apax Partners LLP
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