Pantaloon's financial retail arm, Indivision Capital, a private equity fund managed by Future Capital Holdings will enter partnership with Goldman Sach's private equity arm that is understood to be in talks to invest around US$100 million as a considered investor.
As part of its fund-raising strategy, Indivision is currently undertaking road shows abroad and will invest primarily in small and regional consumer-related companies as a strategic investor and scale it up to the national level.
The companies invested in, will be provided hands-on mentoring capabilities by Indivision and a national distribution network through Pantaloon Retail.
Atul Kapur will head Indivision Capital as MD and chief investment officer who is presently the Managing Director and Principal strategist of Goldman Sachs' private equity fund.
Sanjiv Gupta, Coke India chief will spearhead the operational and mentoring capabilities in the companies invested and Kapur will handle the investment decisions for the fund.
By offering long-term wealth creation model on a partnership basis, Pantaloon Retail is trying to attract top talents from global organizations.
Kapur, had been with Goldman Sachs (London) for 12 years in the principal strategies group, which is responsible for investing Goldman Sachs' proprietary resources.
Within that group, he headed the private equity business for Europe and India. The principal strategies group is one of the most profitable arms of Goldman Sachs and currently has over $14bn invested globally.
Pantaloon Retail (India) Limited is India's leading retailer with a turnover of Rs. 1,073 crore (US$242 million) for the financial year ended June 2005.
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