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

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

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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