BENGALURU: Global Consumer Acquisition Corp (GCAC), a blank cheque company backed by private equity veteran Rohan Ajila, and Gautham Pai, chairman of The Manipal Group, has raised $170 million as part of an initial public offering (IPO) this week. “We intend to focus on global consumer companies with a significant Asia presence or a compelling Asia potential, especially India. The company added that the consumer industry provides a number of interesting acquisition opportunities that can be tapped into through its global private equity and operator network. Currently, he also serves as a managing partner at FIDES Business Partner, a private equity firm based in Zurich and was previously the managing partner of Capvent AG, a private equity and fund of funds investment house which has invested more than a billion dollars globally. The Cayman Islands-based special purpose acquisition company is co-led by Ravi Adusumalli, founder and managing partner, Elevation Capital, and Shashin Shah, who is the founder and managing partner of Think Investments.

Source: Mint June 15, 2021 08:03 UTC