Can Apax Partners expect high returns from its investment in Indian IT player Zensar?

For it to keep giving outsized returns, the company needs to crack the digital code and gain considerable scale in the space. Visual from Zensar website.

Zensar Technologies Ltd turned out to be a terrific investment for private equity fund Electra Partners. Including dividends, the value of its investment rose by about 19 times, generating an annual return of 18% over an 18-year period. Now, Apax Partners has bought Electra’s 23.2% stake in Zensar for around Rs.860 crore. Will it be as successful and can investors expect similar high returns going forward?

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.