The proposed project is an investment in Plenty Private Equity Fund I Limited, a limited liability company with a limited life in Mauritius pursuant to the Companies Act of 2001 of Mauritius and licensed to carry on activities under a Category 1 Global Business License, which will invest in equity and equity-linked instruments of mid-market companies in India, across sectors such as Consumer, Financial Services, Healthcare, IT Services, Logistics and Agriculture.
Job creation: Fund will invest in mid-market companies and scale them into national and/or regional leaders, leading to job creation.
Private sector development: Provision of scarce capital and value creation through capacity building, improved corporate governance and transparency, providing operational and financial expertise, support in evaluating new business opportunities and building business partnerships.
Environmental, Social and Governance ("ESG") Standards: The Fund has adopted ESG standards across investees, which is based on the IFCs ESG standards, thereby contributing to sustainable economic development
The Fund is governed by its independent board of directors which will exercise control and supervision over its operations.
Multiples Investment Advisors Limited, Mauritius (“Investment Advisor”), will be engaged by the Fund to serve as its investment advisor (the “Advisor”). Multiples Alternate Asset Management Private Limited, India (the “Sub-Advisor”), will advise the Advisor on investments and is led by Ms. Renuka Ramnath.
The Advisor and Sub-Advisor also advise Multiples Private Equity Fund I Limited, a 2010 vintage fund of approximately INR 18,314 million.
The Fund is seeking to raise US$550 to US$600 million in capital commitments, subject to necessary approvals to be received from its Board and shareholders. IFC proposes an equity investment of up to US$ 40.6 million. IFC AMC is also considering a parallel investment.
Plenty Private Equity Fund I Limited is a limited liability company with a limited life in Mauritius pursuant to the Companies Act of 2001 of Mauritius and licensed to carry on activities under a Category 1 Global Business License, which will invest in equity and equity-linked instruments of mid-market companies in India, across sectors such as Consumer, Financial Services, Healthcare, IT Services, Logistics and Agriculture.
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Multiples Investment Advisors Limited
1st Floor, 78, Saint Jean Road, Quatre-Bornes,
Telephone: +230 465 0747
Fax : +230 465 1042
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