Middle-East focused buyout house Gulf Capital has hired Shantanu Mukerji from L Catterton as its first on-the-ground managing director to head its newly opened office in Singapore.
Mukerji has over ten years of private equity experience at L Catterton Asia including origination, transaction execution, financing, syndication, post investment value creation, restructuring and divestment. He had also held senior operating roles at LVMH, Ermenegildo Zegna, and Nike.
The firm said he will lead its activities in Asia including new private equity investments, bolt-on acquisitions and growth opportunities for existing portfolio companies.
Karim El Solh, co-founder and CEO of Gulf Capital, said, “Asia has been at the heart of our cross-border expansion strategy for our portfolio companies over the last 15 years. Gulf Capital has closed to date over 14 bolt-on acquisitions, joint ventures and new markets expansions for our private equity portfolio companies.
“The unprecedented growth opportunities presented by the emergence of ‘Ascending Asia’ have never been greater. ‘Ascending Asia’ (from West to East Asia) is the engine of global growth over the next 30 years and the region’s GDP is projected to grow at 2.5x the GDP growth rate of Europe and 2x the growth rate of the US. Our global investors are keen to participate in this long-term growth and to increase their exposure to Asia.”
Gulf invests across private equity, private debt, growth capital and real estate, and is especially interested in sectors including tech, fintech, healthcare, business services and sustainability.
It hired Eaton Partners senior exec Kaiser Jasrai as managing director of fundraising and investor relations late last year.
Recent deals include the exit of Turkish internet provider Turknet Iletisim Hizmetleri and the divestment of Jordanian apparel manufacturer Classic Fashion Apparel Industries.
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