Warburg Pincus launches India BPM platform
Warburg Pincus has established an India-based platform for investment globally in business process management (BPM), an area of enterprise services focused on systems modelling and technical consulting.
The platform, known as Vivtera, will initially look to acquire standalone BPM assets with enterprise values of $300 million to $1 billion across Japan, Australia, North America and Europe. The plan is to develop these assets in order to fill a global supply gap for high-quality, technology-enabled BPM service providers.
“Globally, financial services and fast-growth technology verticals are ripe for disruption,” Harpreet Duggal and Gaurav Sethi, co-founders and managing partners at Vivtera, said in a statement. “We will target our investments in building sharply focused solutions leveraging the latest digital technologies and creating a strong ecosystem of partnerships with digital and analytics companies."
Vivtera was founded by former employees of Genpact, a pioneering firm in India’s business process outsourcing space. The company aims to provide a competitive edge to companies that have global client bases with fast-changing demands by executing domain-focused business process overhauls. It is expected to leverage Warburg Pincus’ experience in company growth as well as its global networks in financial services and telecom, media and technology (TMT).
Platform-based portfolio build-outs are an established investment approach for Warburg Pincus across various industries. Previous activity includes a $300 million investment in US-based TMT player Princeton Growth Ventures as part of a plan to acquire similar businesses in markets such as India, China, and Southeast Asia. Earlier this year, Warburg Pincus worked with local partners to establish platforms focused on Vietnam logistics and China real estate.
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