Summit Partners sets up India office in Mumbai


Summit Partners is a growth equity firm that invests in rapidly growing companies. Founded in 1984, Summit has raised more than $14 billion in capital and provides equity and credit for growth, recapitalizations and management buyouts.

Summit Partners has offices in Boston, Palo Alto, London. The company has today (15 Feb 2012) announced that it has established a new office in Mumbai. Summit is opening the office to increase investment activity in India and to support its North American and European-based portfolio companies with their expansion efforts in the region.

The office is being managed by Amit Chaturvedy, Director-India, and joining him are Associates Gaurav Prakash and Miloni Shah. Summit Partners will apply the same investment strategy that Summit Partners has successfully executed since 1984—to focus on high-growth businesses run by strong management teams.

Summit has invested in more than 340 companies across a range of industries. These companies have completed more than 125 public offerings, and in excess of 130 have been acquired through strategic mergers and sales. In 2010, Summit Partners invested in Krishidhan Seeds Limited, one of India’s leading seed companies. In addition, a number of Summit’s portfolio companies have a major presence in India, including Belkin International, Continuum, McAfee, Multifonds, Ogone, Snap Fitness and Winshuttle Holdings.

Summit Partners intends to make investments in the range of INR50 crores ($10 million) to INR500 crores ($100 million) per company. As per Mr. Chaturvedy, “We seek to partner with Indian entrepreneurs who have navigated their businesses to a leadership position by identifying a market opportunity and implementing an innovative business model or technology to create a sustainable competitive advantage. When a company meets our investment criteria, we are very flexible in creating a transaction structure that results in a win-win situation for all.”

– Source Company Press Release /

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