27 July 2015
Dubai - Greenstone Equity Partners, one of the largest independent fund placement firms in the Middle East, has entered into a strategic partnership withMultiples Alternate Asset Management Private Limited (Multiples),an India-based investment advisory firm, to attract investors from the GCC region to high rewarding investment opportunities offered by the South-Asian country.

The new collaboration will work towards raising capital for Multiples Fund II, a USD 500 million India-specific, sector agnostic private equity fund, which aims to invest in mid-to-late stage opportunities and mid-cap control/buy-out investments with a strong preference foropportunities in sectors that are consumer-focused.

"We are delighted to collaborate with Multiples, whose entrepreneurial mindset and distinctive investments approach are invaluable assets for us," said Omar Al-Gharabally, President of Greenstone Equity Partners. "Driven by their experienced founder,RenukaRamnath, Multiples has astrongreputation in the Indian private equity industry as a leader in attracting deal flow in a mature and well intermediated market. Combined with our expertise and knowledge of the GCC region, we are confident that this partnership willexpose our investors to opportunities with superior returns."

"At Multiples, we strongly believe that in an evolving economy like India we need to have a flexible investment approach in companies of different sizes and stages," said RenukaRamnath, Founder of Multiples Alternate Asset Management Private Limited. "Our team's sector-agnostic, yet sector-knowledgeable, strategy provides access to a wide funnel of opportunities in a country perceived to be the world's fastest growing economy.Backed by Greenstone Equity Partners' strong association with sovereign wealth funds, institutional investors and family offices in the GCC region, which is also home to a large majority of Indian nationals, we believe that we canestablish a strong footprint in this region and develop new long-term relationships."

Founded in 2009, Multiples is an established India-focused private equity firm that manages more than USD 800 million across two funds: Multiples Fund I and Multiples Fund II. The company closed its first fund in October 2011 with a total committed capital of USD 405 million from 15 institutions of global repute. Its current offering, Multiples Fund II, has already attracted USD 300 million from new and existing partners, including Canadian Pension Plan Investment Board (Canada), PGGM (Netherlands), CDC Group (United Kingdom),as the fund aims to invest in 10-12 portfolio companies across diversified industries and investment themes.

Private equity investments in India witnessed a phenomenal year in 2014 with USD 12.7 billion invested across 480 deals. Despite only a 7% increase in the number of deals compared to the previous year, the deal value rose by 30% in 2014, indicating transactions of larger value taking place. Although there has been variability within the quarters,investments on a yearly basis have witnessed an upward trend, with a CAGR of 25% in investment value and 10% in number of deals from 2009 till 2014.

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About Multiples Alternate Asset Management Private Limited
Multiples Alternate Asset Management Private Limited (Multiples) is an India focused private equity platform founded in 2009. Its team is led by RenukaRamnath, a leader in the private equity industry in India.

With over three decades of experience in Financial Services, the Principals of Multiples have entrenched corporate relationships, providing access to strong deal flow including proprietary deals. During their tenure, the Principals have jointly invested and divested in over 200 transactions across multiple economic cycles.

For more information, visit www.multiplesequity.com

About Greenstone Equity Partners
Greenstone Equity Partners is a MENA-focused boutique investment and advisory firm specializing in multi-sector, advisory, fund placement, investment, consulting and deal structuring transactions. Based in Dubai, Greenstone's primary areas of focus are:

•Fund Placement

•Advisory

Greenstone provides its clients with advisory services and access to MENA-based sovereign wealth funds, institutional investors and family offices for primary and secondary placements. Greenstone places a strong emphasis on the geographical capital diversification needs of its MENA-based clients. Greenstone is generally engaged as a sole and exclusive MENA fund placement firm by global top quartile investment banks, asset managers and fund managers from both developed and developing markets.

For more information, visit www.gsequity.com

For further information, please contact: 
Multiples Alternate Asset Management Private Limited   
+91 22 6624 5500
       
Greenstone Equity Partners       
+971 4 3827600
Omar Al-Gharabally, President      
omar.algharabally@gsequity.com 

Golin MENA       
+971 4 332 3308
Lina Ibrahim, Account Manager      
librahim@golin.com

© Press Release 2015