Pi Capital, a London-based private-investor network, is keen on expanding its network to India. The firm is now looking to set up a JV or firm in India in partnership with a leading player, which will act as a vehicle for Pi Capital’s India operations, reports Economic Times. Pi Capital will look for both members and investment opportunities in the country. David Giampaolo, CEO of Pi Capital, was quoted as saying: “We’re looking to add members in India, and to find investment opportunities for them in India and overseas, and conversely find investment opportunities in India for our other members.”
Pi Capital is a member based investment firm which invests directly in private equity opportunities. The UK centric firm invests in the range of $4 million to $10 million. Pi Capital has 250 members which comprise of entrepreneurs, CEO’s, chairmen and non-executive directors of large private and public companies or full time private investors. Some of the members include Martin Sorrell and Stuart Rose. The firms leverages its members expertise in various fields to advise on the deals. Last year Bank of Scotland had picked up a 20% stake in Pi Capital.
Pi Capital has co-invested in funds and direct deals led by private equity firms including Alchemy, Englefield Capital, and BC Partners. The firm, which is registered with BVCA, has 15 portfolio companies with total capital invested around $140 million. The deals in which Pi Capital has lead the round include power supplier Applied Kilovolts, furniture retailer LOMBOK, beauty clinic Myspa and employee benefit consultant Thompsons Online Benefits.