American Capital Energy & Infrastructure, a part of the private equity firm and global asset manager American Capital, has appointed Citigroup's energy banker Abhay Pande as managing director for its Asia unit.
At American Capital, Pande will be responsible for sourcing, underwriting and managing energy and infrastructure investments. Pande has 15 years of investment banking and consulting experience, advising various companies in the energy sector on mergers and acquisitions, initial public offerings, LBO financing and equity and debt offerings.
American Capital Energy & Infrastructure invests in global energy infrastructure assets, including power generation facilities, gas and power distribution and transmission networks, energy transportation assets and fuel production opportunities. The company seeks to invest between $50 million and $200 million. American Capital manages $21 billion of assets.
"Abhay brings a great wealth of experience with him, having worked with numerous companies and management teams in the energy and industrial sectors across Asia. His addition to the American Capital Energy & Infrastructure team is an important development for our efforts in the region," said Paul Hanrahan, CEO of American Capital Energy & Infrastructure.
Pande has served in various investment banking roles in Citigroup's investment banking division, including that of co-head of the Asian Energy Group and head of South East Asia Industrial.
Prior to joining Citigroup, Pande was a principal at A.T. Kearney, a management consulting firm, where he advised multiple boards of directors and executive management teams on mergers and acquisitions and divestitures within the transportation and infrastructure sectors.
(Edited by Joby Puthuparampil Johnson)