US-based buyout firm GenNx360 Capital Partners has formed GenNx360 India Advisors Pvt Ltd, which will now operate out of two offices in Gurgaon and Bangalore.
“In addition to keeping GenNx360’s hand on the pulse of the global economy, this strategic initiative provides the firm with a truly global footprint, establishing a presence in both India and Asia,” a company statement said.
“This entity in India is the next logical step in our growth strategy of building a world-class, global organisation,” said Jim Shepard, Managing Partner. “India has become one of the most vibrant and important finance & services hubs in the world. Our goal is to take advantage of the rich talent base in both financial and operating skills in India,” he added.
Launched in 2006, GenNx360 specialises in mid-market buyouts of industrial B2B companies. The firm focuses on opportunities in industrial water treatment, specialty chemicals & engineered materials, industrial machinery & equipment components, global transportation component parts (auto, rail and infrastructure, aerospace & defence), oil & gas services (also, parts and equipment) and business services like logistics.
It looks to invest in companies with revenues between $75 million and $500 million. GenNx360 is based in New York City, with additional offices in Seattle and Boston.
GenNx360 also said that Genpact had been a key partner during the build-out of its team. With the formation of GenNx360 India Advisors, Genpact would support the firm through its risk and analytics business, as well as through its portfolio companies, on specific assignments.
The portfolio companies of GenNx360 include Hoppe Technologies (precision machined components manufacturer), Vertex (BPO company) and Syncreon (a global logistics company), among others.