9 September 2009, Mumbai – Advent International, the global private equity firm, today announced that Shweta Jalan has joined Advent India PE Advisors Private Limited (“Advent”) as a Director to support the development of Advent’s business in India. Shweta joins Advent following the receipt of its company registration in India as it sets up its Mumbai office.
Shweta joins Advent from ICICI Venture in Mumbai where she was a Director. She was part of the initial team which built ICICI Venture over a ten year period to become one of the leading private equity players in India. As well as having significant investment, portfolio management and exit experience, Shweta has been involved with fund raisings and managing relationships with large institutional investors active in private equity. Before joining ICICI, she spent a year at Ernst & Young in the corporate Finance division focusing on private equity placements and valuations.
Georg Stratenwerth, Managing Director of Advent International said, “We are delighted to have Shweta join Advent. She brings with her a wealth of Indian private equity experience, which will be extremely valuable to the team.”
“Following the receipt of the company registration, Advent is on track with its plans to expand the Advent International global network with Advent’s operations in India from this month. We are looking forward to the opening of Advent’s office in India and pursuing the opportunities that the market presents.”
Shweta Jalan added, “Advent International is a truly global private equity investor and its sector expertise across international markets will be of huge value as it invests in India. It is an exciting time to be joining Advent and I look forward to working with the team to build our capabilities in India.”
Advent International’s funds made their first Indian investment in October 2007 in Computer Age Management Services Ltd (CAMS), a transaction processing company providing investor record keeping services for Mutual Funds and process outsourcing services to insurance companies in India. Advent also appointed Mr P. Jayendra Nayak as an Operating Partner to advise on Indian investment opportunities, especially those in the financial services sector. Mr Nayak was formerly Chairman and CEO of Axis Bank, the third largest private sector bank in India.