Apax Partners, one of the world’s largest private equity firms, has appointed Sandeep Naik and Shashank Singh as co-heads of the India office.
Naik (pictured) and Singh both joined the firm in 2004 in the New York and London offices, respectively, and relocated to co-found the India office in 2006.
They will be replacing Neeraj Bharadwaj, who is leaving the firm to join a US growth capital firm.
Apax Partners opened its Mumbai office in 2006 and made its first direct investment in the region in 2007 with the acquisition of a significant minority stake in Apollo Hospitals, India’s largest private hospital group.
Martin Halusa, chief executive of Apax Partners, says: "We are pleased to have professionals with the experience and track record of Sandeep and Shashank to lead Apax in India. This reinforces our commitment to India, where we now have five investment staff supported by a global team of 117 sector-focused investment professionals. We thank Neeraj for his ten years of service at the firm including his leadership of the Indian office and we wish him success in his new position."
