Advent International plans to invest $5-10 billion in India in next 5 years

Advent International, a foreign private equity firm, has announced its intention to increase its investments in India over the next five years. Speaking to CNBC-TV18, James Brocklebank, Co-Head of Europe at Advent International, said, “For the next five years, we would like to commit something like $5 to $10 billion here in India. So a very significant growth, but that reflects the prospects that we see in this market.”

Brocklebank emphasised the attractiveness of the Indian market, citing factors such as a stable government, consistent GDP growth, and impressive digitisation initiatives like the Aadhar card program.

He expressed excitement about the opportunities present in India, particularly in the private equity sector, which has seen substantial growth with approximately $12 billion invested annually, with many companies exceeding $500 million in value.

David Mussafer, Chairman and Managing Partner at Advent International, highlighted the improving global economic conditions, which are creating more favourable investment opportunities. Despite the challenges posed by the COVID-19 pandemic, Advent International remains optimistic about the potential for new investments and exits in India.

Advent International has already invested close to $6 billion in India and manages assets worth over $90 billion globally. With its increased commitment to the Indian market, the firm aims to capitalise on emerging opportunities and contribute to the country's economic growth.

Talking about their areas of interest, Shweta Jalan, Head of India & Co-Head of Asia at Advent International, shed light on the specific sectors the firm is targeting. Jalan identified healthcare, financial services, consumer goods, technology services, and manufacturing as the primary sectors of interest for Advent International.