Woodman Asset Management, a Swiss investment group, has joined forces with Indian private equity firm Sanaka Capital Partners to develop an Asia and India linked private investment platform.
Under the agreement, Woodman made a $100m commitment in Sanaka and also acquired a minority stake in the Indian business.
Go deeper with GlobalData
Sanaka is engaged in indentifying, operating and managing portfolios of companies across industries through making investments. The firm is led by Shankar Narayanan, formerly co-head of Carlyle Asia Growth Partners (CAGP) and head of India (CAGP).
Narayanan has an experience of 25 years in the private equity space.
The association with Woodman is expected to enable Sanaka focus on alternate investments in India and companies with India linkages.
“Association with an institutional group like Woodman with its various international relationships complement Sanaka Capital Partners and my strengths to build an alternate investment platform that should provide best in class risk return parameters to various Limited Partner investors of Sanaka Capital,” Narayanan said.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataWoodman founder and CEO Daniel Aaxman said: “We are delighted to be partnering with Shankar Narayanan, which will give us a footprint to an exciting Asian market. This will also benefit our existing and future clients, who will have access to a first class private equity team with an unrivalled track record.”
With subsidiaries in the UK and Denmark, Woodman offers family office, wealth and asset management services.
