Zephyr Peacock India

Summary

Zephyr Peacock India seeks to make private equity investments targeting India’s fast growing small and middle market corporate segment. In addition to providing capital, Zephyr Peacock seeks to add value to its portfolio companies by leveraging its global relationships in the international corporate and financial markets. The investment team, based in Bangalore and New York, combines local and international private equity expertise and has many years of investment and operating experience.

Investment strategy and objectives

Zephyr Peacock India seeks returns by making privately negotiated equity or equity-related investments in small to medium sized established businesses that will benefit from the rapid growth of the Indian economy, provide sustainable competitive advantages, and benefit from India’s growing importance in the global economy. The Peacock team targets investments in the sectors of financial services, education, consumer related businesses, high value-added manufacturing and infrastructure related services. Zephyr Peacock takes influential minority positions by investing between US$5 to $20 million in companies that have proven business models, strong financial performance and are led by strong management teams.

Meet the Investment Team


PORTFOLIO

Current Investments:

Aizant Drug Research Solutions (Aizant) is a leading provider of drug development solutions in India. The Company is engaged in the business of contract research outsourcing with a focus on high end formulation development. The Company’s services enable pharmaceutical companies in the areas of new drug development and improvement of dosage forms for existing drugs. Aizant’s clients include five of the world’s top 10 pharmaceutical companies.

Trimax IT Infrastructure and Services Ltd (Trimax) is one of the leading providers of information technology (IT) infrastructure providers in India. Trimax provides end-to-end information technology infrastructure solutions to various government agencies and enterprises. The Company has a proven track record in executing integrated IT projects, which include systems integration, infrastructure management services, data center services and networking solutions. Trimax has a national presence in India with 12 regional offices and over 100 service centers. The Company’s extensive footprint across the country allows it to support customers on a national scale.

Metro Wireless (Metro) is a leading provider of network design and optimization services to telecom operators in India. Metro assists telecom operators in the identification of wireless base station locations. These services are critical for the planning, deployment and operations of mobile telecommunication networks. The Company has executed projects in over 75,000 sites in India, Indonesia, Philippines, Bangladesh, Saudi Arabia and South Africa. Metro’s management team has many years of experience in the telecom services sector.

Miles Software Solutions (Miles) is one of the leading providers of software and solutions to the financial services industry in India. The Company’s flagship product, Moneyware Integra, is used by portfolio managers and wealth advisers in India and abroad. More than 180 domestic and global financial institutions use the Company’s products for functions such as investment decision support, portfolio construction and management, fund accounting, client reporting, risk management and compliance. Miles also offers products for high net worth individuals. The Company is headquartered in Mumbai.

Time Technoplast (TTL) (Partially Divested), headquartered in Mumbai, is India’s leading polymer products producer engaged in the design and manufacture of industrial and consumer related plastic packaging. TTL has strong technological and manufacturing expertise in plastic products. While TTL’s core market is in the industrial packaging segment, it has also developed innovative plastic products for the healthcare, automobile component, construction and lifestyle segments. TTL has 22 manufacturing units and 11 regional offices located throughout the country in close proximity to the facilities of its key customers. The Company’s shares are listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) in India. In December 2009, ZP I partially divested its stake in TTL.

WLC India (WLC) is the country’s leading vocational training provider in fields such as business, fashion design, graphic design and media studies. WLCI’s unique “Earn While You Learn” program allows students to attend classes while working in the fields of their choice with one of WLCI’s 200+ leading corporate partners. WLCI also provides executive education and corporate training services to leading Indian corporations. The Company is headquartered in New Delhi and has 24 campuses across the country.

Divested Investments:

Maxop Engineering (Maxop) (Fully Divested), located in Manesar, an industrial zone just outside New Delhi in northern India, is engaged in the design and manufacture of aluminum-based die castings for the motors used in automobiles and home appliances. Maxop serves both the domestic and export markets and has many global auto and appliance companies as key customers. The Company provides a range of services to its customers in the development of aluminum products including product design, prototyping, tooling and manufacturing.

In May 2011, Zephyr Peacock fully divested its investment in Maxop.

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Zephyr Peacock India continues to make new investments in India.

Information relating to Zephyr Peacock India is provided solely for the purpose of illustrating the types of investments sought by Zephyr Peacock and describing Zephyr Management L.P.’s global capabilities. It should not be assumed that recommendations made in the future will be profitable or will equal the performance of the securities in this list.

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Meet the Investment Team

Please note that offices and staff include affiliates and the AUM calculation includes assets attributable to Zephyr's joint venture funds.