Warburg to Back Ex-Genpact Executives With $1 Billion for Deals

(Bloomberg) -- Warburg Pincus, the New York-based private equity firm, will invest as much as $1 billion to help three former Genpact Ltd. executives acquire business process management firms.

Led by Mohit Thukral, Gaurav Sethi and Harpreet Duggal, Vivtera will focus on adding assets in the business process management space, with North America, Europe, Japan and Australia as key markets, according to a statement from the firm. The platform will evaluate assets globally with enterprise value of $300 million to $1 billion in order to kick-start the investments, said Thukral, a managing partner at Vivtera.

“We are looking to buy out standalone BPM assets or to partner with captives, and to further invest in them for growth,” Thukral said in an interview.

Warburg Pincus, which oversees more than $44 billion in assets, has a track record of financing seasoned executives in their breakout endeavors. In June last year, it backed former Tata Communications Ltd. executive Rangu Salgame to set up a telecommunications, media and technology infrastructure platform with as much as $300 million to make acquisitions.

The new platform will focus on partnering with financial services, insurance and fast growth technology companies, Thukral said.

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