Investment Summary

Gaja Capital Invests In Carnation Auto India

On December 1, 2011, private equity firm Gaja Capital invested in automotive company Carnation Auto India for 17M USD

Investment Highlights
  • This is Gaja Capital’s 1st transaction in the Automotive sector.
  • This is Gaja Capital’s largest (disclosed) transaction.
  • This is Gaja Capital’s 10th transaction in India.

Investment Summary

Date 2011-12-01
Target Carnation Auto India
Sector Automotive
Investor(s) Gaja Capital
Deal Type Venture
Deal Value 17M USD

Target

Carnation Auto India

Noida, India
Carnation Auto India is a provider of largest multi-brand, independent services player, offering the entire range of automotive services from preventive maintenance services to major collision repairs. Carnation Auto India was founded in 2008 and is based in Noida, India.

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Investor(S) 1

Investor
DESCRIPTION

Gaja Capital Partners is an independent private equity firm focused on mid-market investment opportunities in India. Gaja looks to act as a minority investor in buy-outs, turnarounds and pre-IPO situations, with a general strategy of using investment capital to fund growth. The firms invests in the range up to $1 billion per transaction. Gaja is a generalist firm that will consider investments across many sectors inclding education, financial Services, IT, pharmaceuticals and telecommunications. Gaja Capital Partners was formed in 2004 and is located in Mumbai.


DEAL STATS #
Overall 10 of 21
Sector (Automotive) 1 of 1
Type (Venture) 2 of 4
Country (India) 10 of 20
Year (2011) 4 of 4
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-09 TeamLease

Bengaluru, India

TeamLease is the largest staffing company in India, with employees in over 800 cities. It is also a leading Permanent Staffing company and has tied up with employment exchanges across 10 states in India. TeamLease was founded in 2002 and is based in Bengaluru, India.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-03-01 EuroKids India

Mumbai, India

EuroKids India is one of the largest private education services providers in India serving 120,000 students served across 1,100+ pre-schools and 35 K-12 schools. They target mass-premium and prestige segments across 4 brands - EuroKids, EuroSchools, Kangaroo Kids, and Billabong High. EuroKids India was founded in 1993 and is based in Mumbai, India.

Buy -