Kris Peeters, Vice-President of the European Investment Bank (EIB) and Mahesh Parasuraman, Partner and Co-founder of Amicus Capital, on Tuesday announced the signing of an EIB investment of up to $40 million in the private equity fund Amicus Capital Partners Fund II. It will support investments in Indian small and medium-sized enterprises (SMEs) operating in various economic sectors.
The fund seeks to leverage digitalisation and technology to overcome geographic limitations and facilitate deeper market penetration. It does this by prioritising investments in digital-first business models, working with companies to strengthen their existing technology infrastructure, and helping management design clear digitalisation roadmaps to boost digital transformation in conventional businesses.
“I’m delighted to announce this EIB support for Amicus Capital Partners Fund II, a fund that pursues a targeted investment strategy combining digitalisation and market access to foster inclusive economic growth across various sectors in India, in alignment with the strategic EU priorities in India. In a challenging fundraising environment, this investment promises high additionality, and will promote crowding-in and the diversification of the investor base,” EIB Vice-President Kris Peeters said in a statement.
Mahesh Parasuraman, Partner and Co-founder of Amicus Capital, said, “We are excited to bring the EIB on board as a key investor in the fund. This represents a significant milestone in our journey. The EIB’s participation will further catalyse private capital into Amicus Capital Partners II. The fund will leverage on the global investment experience of the EIB team to help Amicus Capital support middle-market companies in India in their digitalisation and market access efforts.”
