‘PE funds with significant minority stakes can’t force strategic sale’

21 May, 2012

While his competitors struggle to stay afloat in a market where deals are hard to come by and even harder to execute, K Balakrishnan, chairman of the investment bank Lazard India, has managed to lead his team to close 11 transactions in 2011 and three more in this year. Few weeks ago, he helped L&T Finance acquire the mutual funds business of Fidelity in India and is currently working on half a dozen more such deals across sectors. According to him, the deal-making scenario is not so bleak after all. There are a number of corporate houses, both in India and abroad, with healthy balance sheets who are seeking to leverage the current situation and explore transaction opportunities at potentially attractive valuations, says Balakrishnan in an interview with VCCircle. Here are the excerpts:


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‘PE funds with significant minority stakes can’t force strategic sale’

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