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Our Bureau

Ahmedabad, Jan.9 Mid-sized companies seeking capital to enter their next stage of growth now have the perfect platform, India’s first-ever Private Equity Fair (IPEF 2008), scheduled to be held at Mumbai on February 27, its organisers YEN Expo Pvt Ltd said here on Wednesday.

IPEF 2008 will provide a B2B platform to companies to showcase their business and growth plans to 150 PE funds from India and abroad. A large number of cases are being reviewed by YEN and analysed by IIM-Ahmedabad. Out of these the best 25 companies will be short listed to participate in the fair. YEN and IIM-A will then work with these companies to make them “investment ready,” according to a release.

Mr Arun Chandrachud, CEO, YEN Expo, himself a senior investment banker formerly with Ernst & Young, said mid-sized companies find it difficult to attract private equity investors as they are unable to present their business plans in a format that is readily appreciated by a private-equity investor. Given the number of mid-sized companies seeking capital, PE funds do not have the time or the bandwidth to look at each in detail.

This is especially true of companies based in States such as Gujarat. Though they may be growing at a fast clip, because they are away from financial hubs like Mumbai, they do not come on the radar of PE funds.

IPEF 2008 would be an ideal solution by getting together select investment-ready companies with PE investors who are keen to do the deal. He said it normally takes three to six months to close a PE deal. IPEF 2008 would put it on a fast track.

IPEF 2008 is looking for companies with an existing track record, and who want to raise between Rs 20 crore and Rs 200 crore to grow their businesses. Companies across various verticals like IT/ITES, healthcare and pharma, real estate and infrastructure, financial services, retail, hospitality, auto and clean energy will be considered.

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