PEP to target smaller deals in India
Providence Equity Partners plans to focus on smaller investments in India, having previously been involved in large telecom and media deals. Biswajit Subramanian, managing director of Providence Equity Advisors India, told Mint that, with big transactions in short supply, the private equity firm would be open to early-stage deals.
Providence has spent nearly $900 million in India since 2006, notably investing $420 million in Idea Cellular and $420 million in Aditya Birla Telecom. But an incubation deal involving Chinese company...
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