
3i’s Nikhil Gahrotra joins BanyanTree
Banyan Tree Finance has poached Nikhil Gahrotra from 3i Group, where he was working as associate director. He joins the mid-market PE firm as a director.
Gahrotra has more than nine years of experience in the financial services industry, of which the last seven years were spent focusing on private equity in India.
At 3i, one of Europe's largest private equity funds, he jointly led their growth capital business in India and represented the firm on the board of BVG India, the country's largest domestic facilities management services business, and OOH Media, its largest LCD-based outdoor advertising network.
Before his appointment at 3i, Gahrotra established the India office for Q Investments, a $4 billion US based multi-strategy fund. There he concentrated on private equity and structured investing across a range of sectors. Prior to this, he worked for Citigroup's investment banking team in India, where he advised on M&A and helped some of India's largest companies raise more than $2 billion in equity and equity-linked capital.
Latest News
Asian GPs slow implementation of ESG policies - survey
Asia-based private equity firms are assigning more dedicated resources to environment, social, and governance (ESG) programmes, but policy changes have slowed in the past 12 months, in part due to concerns raised internally and by LPs, according to a...
Singapore fintech start-up LXA gets $10m seed round
New Enterprise Associates (NEA) has led a USD 10m seed round for Singapore’s LXA, a financial technology start-up launched by a former Asia senior executive at The Blackstone Group.
India's InCred announces $60m round, claims unicorn status
Indian non-bank lender InCred Financial Services said it has received INR 5bn (USD 60m) at a valuation of at least USD 1bn from unnamed investors including “a global private equity fund.”
Insight leads $50m round for Australia's Roller
Insight Partners has led a USD 50m round for Australia’s Roller, a venue management software provider specializing in family fun parks.