Zephyr Peacock India Funds

Summary

Zephyr Peacock India Fund (Peacock or Fund) seeks to make private equity investments targeting India’s fast growing small and middle market corporate segment. In addition to providing capital, Zephyr Peacock seeks to add value to our portfolio companies by leveraging its global relationships in the international corporate and financial markets. The Fund’s management team, based in Bangalore and New York, combines local and international private equity expertise and has many years of investment and operating experience.

Investment strategy and objectives

The Fund’s objective is to earn superior long term returns by making privately negotiated equity or equity-related investments in small to medium sized established businesses that will benefit from the rapid growth of the Indian economy, provide sustainable competitive advantages, and benefit from India’s growing importance in the global economy. The Fund targets investments in the sectors of financial services, education, consumer related businesses, high value-added manufacturing and infrastructure related services. The Fund takes influential minority positions by investing between US$5 to $20 million in companies that have proven business models, strong financial performance and are led by strong management teams.

Companies

Presented below is a brief profile of five of the investments executed by the ZP Investment Team:

Maxop Engineering (Maxop), located in Manesar, an industrial zone just outside New Delhi in northern India, is engaged in the design and manufacture of aluminum-based die castings for the motors used in automobiles and home appliances. Maxop serves both the domestic and export markets and has many global auto and appliance companies as key customers. The Company provides a range of services to its customers in the development of aluminum products including product design, prototyping, tooling and manufacturing.

Time Technoplast (TTL), headquartered in Mumbai, is India’s leading polymer products producer engaged in the design and manufacture of industrial and consumer related plastic packaging. TTL has strong technological and manufacturing expertise in plastic products. While TTL’s core market is in the industrial packaging segment, it has also developed innovative plastic products for the healthcare, automobile component, construction and lifestyle segments. TTL has 14 manufacturing units and 10 regional offices located throughout the country in close proximity to the facilities of its key customers. The Company’s shares are listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) in India.

WLC India (WLC) is the country’s leading vocational training provider in fields such as business, fashion design, graphic design and media studies. WLCI’s unique “Earn While You Learn” program allows students to attend classes while working in the fields of their choice with one of WLCI’s 200+ leading corporate partners. WLCI also provides executive education and corporate training services to leading Indian corporations. The Company is headquartered in New Delhi and has 18 campuses across the country.

Miles Software Solutions (Miles) is one of the leading providers of software and solutions to the financial services industry in India. The Company’s flagship product, Moneyware Integra, is used by portfolio managers and wealth advisers in India and abroad. More than 100 domestic and global financial institutions use the Company’s products for functions such as investment decision support, portfolio construction and management, fund accounting, client reporting, risk management and compliance. Miles also offers products for high net worth individuals. The Company is headquartered in Mumbai.

Metro Wireless (Metro) is a leading provider of network design and optimization services to telecom operators in India. Metro assists telecom operators in the identification of wireless base station locations. These services are critical for the planning, deployment and operations of mobile telecommunication networks. The Company has executed projects in over 30,000 sites in India, Indonesia and Saudi Arabia. Metro’s management team has many years of experience in the telecom services sector.

Zephyr Peacock India Funds I and II are currently closed and no longer accepting subscriptions. Information relating to Zephyr Peacock India Funds is provided solely for the purpose of describing Zephyr Management L.P.’s global capabilities.

Meet the Investment Team

Please note that offices and staff include affiliates and the AUM calculation includes assets attributable to Zephyr's joint venture funds.