Shortreads

MUMBAI: Veteran private equity fund manager Manoj Dengla who helped set up and build Carlyle’s platform in India is leaving the firm after almost 13 years to join Arpwood Partners, a buyout fund floated by ace investment banker Rajeev Gupta.

Arpwood has carved a niche for itself in mid-market buyouts and control transactions and is a partner of choice for global LPs that include some of the largest endowments, family offices, pension funds and sovereign funds.

Arpwood, which had completed complex carve-outs of Senvion and recently purchased Small Business FinCredit for a total value of $1.5 billion, plans to ramp up investment pace with the inclusion of Dengla.